Most employers offer health insurance as part of their employee benefits package. However, don’t sign up for your employer’s insurance until you visit the Healthcare Insurance Marketplace at healthcare.gov. This one-stop-shop for health insurance could provide you with big rewards.
Save Money
With many employers cutting expenses, your insurance premiums may be going up. Shop at the Healthcare Insurance Marketplace to see if you qualify for more affordable insurance coverage that saves you money.
Cover Dependents
While your employer sponsored health insurance covers you, it might not offer affordable coverage for your dependents. Research health insurance options for your dependents when you visit the Healthcare Insurance Marketplace.
Comply With Federal Law
Current law requires everyone in the U.S. to have health insurance coverage with minimum coverage requirements. If your employer-sponsored insurance doesn’t comply, you could owe $325 per non-compliant adult, $162.50 per non-compliant child or two percent of your household’s annual income. Every Healthcare Insurance Marketplace policy complies with the law, which means you can confidently buy a penalty-free policy.
Get a Tax Credit
Your income could qualify you for a tax credit on Healthcare Insurance Marketplace family or individual coverage. Even if you don’t receive a tax credit for your monthly premiums, you could receive a subsidy for deductibles, copays and other out-of-pocket medical expenses.
Now that you know why you should check out the Healthcare Insurance Marketplace, gather your documents. You’ll need details about household income and the people who live with you. If you need assistance, apply by phone at 1-800-318-2596 or ask for in-person assistance. The marketplace is open from November 15, 2014 until February 15, 2015, but apply by December 15 to ensure your benefits start by January 1, 2015. While you could find out that your employer’s coverage is a better option for you, you have several very good reasons for investigating your options.
