Displaying 3 Forum Posts 
  • Feb 06, 2015 09:49 PM
    Last: 6yr
    4.2k
    I guess it is tax season and I am wondering for myself but for other tax filers what are specific requirements you, your accounting software or your accountant may ask in regards to not paying penalty for not having health insurance. Or is it one of those vague\ambiguous requirements open to interpretation?
  • Feb 06, 2015 09:49 PM
    Last: 6yr
    4.2k
    But what is that grace period? I know that if a health insurance company gives me notice I can buy another plan. But do we know legally the minimum "reasonable" amount of time they must give? And my real concern is getting nailed on taxes for not having health insurance (such as if you forgot to get a new plan before your old one was cancelled). Is there specific requirements for that? I was curious if anywhere it tells u exactly what results in a tax penalty and how your policy being cancelled may affect that.
  • Feb 06, 2015 09:49 PM
    Last: 6yr
    4.2k
    So I have a personal health insurance plan I got a few years back before Obamacare. I am always worried that they may cancel it and being a little disorganized, I may not notice right away. So is there a grace period or something? Are insurance companies required to give you a warning ahead of time before cancelling? Obamacare has an open enrollment period but then what if your insurance is cancelled after the enrollment period expires? And what are the potential tax ramifications if you end up having to switch to another plan and maybe wait too long to do it?

    Sorry. Lots of questions. Wondering if anyone else has thought about this too.