2017 Obamacare Open Enrollment

Kent Kingsley on November 8, 2016

 

Hard to believe that we are on the fourth year for Obamacare in North Carolina.  Time sure does fly.

 

If you have been putting off enrolling in Obamacare or need to change your coverage this needs to be completed during November 1 2016 – January 31 2017.  The chart below shows when a new plan will go into effect based on the date the application is submitted:

 

Application Date Policy Effective Date
11/1/16 – 12/15/16 1/1/17
12/16/16 – 1/15/17 2/1/17
1/16/17 – 1/31/17 3/1/17

 

To qualify for subsidies through the health insurance marketplace for Obamacare coverage in 2017 you must meet the following requirements:

  1. Cannot have access to employer coverage.  If coverage is offered through your employer or your spouses employer you are most likely not eligible for subsidies through the marketplace.
  2. Must have Modified Annual Gross Income (MAGI) between 100 – 400% Federal Poverty Level.  See this page for the chart to see if you fall in the income range

Over the first 3 years of Obamacare in North Carolina we have assisted over a thousand individual obtain coverage properly and effieciently.  Here is how we can help you:

  1. Explain the subsidy process and help ensure you get the maximum subsidy amount based on your information.
  2. Help you retain your subsidy throughout the year by making sure that proper documentation is submitted when required.
  3. We are licensed insurance professionals that are contracted with the carrier (s) that participate in the marketplace.  This allows us to explain to you the benefits of the policy and why one may be better than the other.  You don’t get this doing it yourself or calling healthcare.gov.
  4. Help you enroll in the plan that YOU choose making sure that you understand and receive maximum benefits offered.
  5. We do all this remotely so you never have to leave your home nor doyou don’t have to get dressed up to meet someone.  Everything is handled over the internet and phone!  Very simple and convenient process.
  6. Absolutely NO COST to you.  We are compensated by the insurance companies and by using us the plans DO NOT cost any more.

So if you are reading this and YOU ARE NEW TO THE MARKETPLACE we would like to help you.  Simply fill out the form to the right or click the button below.  Either Rustty Williams or Kent Kingsley will contact you to review your situtation.  The whole process should take less than 30 minutes and often times less. 

 

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2016 Obamacare in NC Enrollment

Kent Kingsley on September 23, 2015

As you may or may not be aware with the changes from the Affordable Care Act you can only purchase health insurance and/or change your coverage during the Annual Enrollment Period (AEP), unless you have a qualifying life event that triggers a Special Enrollment Period.

 

Well  2016 AEP for Obamacare in NC is almost here so if you need to enroll in coverage or change your current plan for 2016 it needs to be completed between Nov 1, 2015 – Jan 31,2016. Below is a chart that shows the date the new plan goes into effect based on when the coverage changes are made:

 

Change Date Policy Effective Date
11/1/15 – 12/15/15 1/1/16
12/16/15 – 1/15/16 2/1/16
1/16/16 – 1/31/16 3/1/16

Just to recap, to be eligible for health insurance with subsidies through the Marketplace you must meet the following eligibility requirements:

  1. Cannot have access to employer coverage…this includes through your employment and spouses employment.
  2. Must have Modified Annual Gross Income (MAGI) between 100 – 400% Federal Poverty Level.  See this page for the chart to see if you fall in the income range

We have helped thousands of North Carolinians successfully enroll in Obamacare in North Carolina and we can help you too.  Here is how we help you:

  1. Help you get qualified for your maximum subsidy amount allowed in the Marketplace.
  2. Consult with you on information needed to retain your subsidy
  3. Licensed by all the insurance carriers that provide coverage on the Marketplace so we explain to you the pros and cons of the different plans.
  4. Help you enroll in the plan that YOU choose making sure that you understand and receive maximum benefits offered.
  5. All this from never having to leave your home.  We handle everything for you via phone and internet…you don’t have to get dress up for us!
  6. Absolutely NO COST to you.  We are compensated by the insurance companies and by using us the plans DO NOT cost any more.

So if you are reading this and would like our assistance and you meet the 2 minimum guidelines listed above, please complete the contact form to the right of this page and we will contact you directly.

 

 

NC Obamacare and Your 2014 Tax Return

Kent Kingsley on January 23, 2015

 

With tax season upon us we wanted to put out some information that may assist you with your 2014 federal income tax return if you received subsidies with your NC Obamacare.

 

Just as a reminder as to how the subsidies work…the IRS will compare the income from your 2014 tax return to the income you estimated on your health insurance application.  If the income on the application is lower than the amount you estimated you may be eligible for additional premium tax credit.  It works the other way too…if your income is higher on the tax return than what you put on the application then you may owe additional premium tax.  In other words they will “reconcile” the subsidy on your taxes, meaning “if you received too much subsidy, you have to pay some of it back.  If you did not get all the subsidy you were supposed to, you would get it back in your tax return as additional tax credit.”

 

You will be receiving a Form 1095A from the Health Insurance Marketplace in early February.  This form will show that you had coverage for the year (thus avoiding the tax penalty) and will also detail the gross monthly premium (column A) as well as the subsidy amount (column C) that you received.  This information will now be required when you complete your 1040 tax return.  When you receive the 1095A in the mail make sure that you keep this with your tax information so that you will have this when you prepare your 2014 tax return.

 

We have also put up a page on this site with some important links  to help you with the process.  You can find this page HERE.

 

If you or anyone you know still needs assistance with their 2015 NC Obamacare coverage please complete the form on the right of this page and we can assist you!