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Are there penalties if you don't buy insurance?

on Fri, 10/22/2010 - 9:00am

If you do not purchase insurance, you may be required to pay an annual penalty if you are uninsured for three months or more in a given year. In 2014, the total amount of the penalty is $95 per adult and $47.50 per child, with a maximum penalty of $285 per family, OR one percent of family income, whichever is greater.

In 2015, the penalty is $325 per adult and $162.50 per child, with a maximum penalty of $975 per family, OR two percent of family income, whichever is greater.

Does the law prohibit health insurance companies from dropping or denying coverage or claims to people with pre-existing conditions?

on Thu, 09/30/2010 - 4:00pm

As of September, 2010, health insurance companies are not able to deny coverage to children due to health status or a pre-existing health condition. This provision will extend to adults in January 2014.

What new benefits for consumers have been created as a result of health insurance reform

on Thu, 09/30/2010 - 3:00pm

This legislation introduced sweeping reform of the US health care system, and increased coverage while implementing measures to control costs for consumers.

Key features of the law include:
 

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