Jeff Janosick - Health Insurance Blog

Thinking about going uncovered? Here's an alternative ...

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For many of us, health insurance premiums may seem like they are too much to handle.  Purchasing a short-term plan for catastrophic coverage while paying the fee for not having a qualified ACA plan, could be your solution.   


A short-term health insurance plan may be significantly cheaper than a qualified ACA plan, even if you have to pay the fine.

Click here to get a quote for a short-term health insurance plan.  Please note, short-term plans do not meet all of the requirements of the Affordable Care Act (ACA).  As a result, short-term plans will result in you paying a fine for not having health insurance.  In addition, short-term plans do not cover pre-existing conditions.  Check out this link to learn more about these plans and get a quote.  


What happens if you purchase a short-term plan or go without health insurance coverage?  

If you can afford health insurance but choose not to buy it, you must pay a fee or have a health coverage exemption. (The fee is sometimes called the "penalty," "fine," "individual responsibility payment," or "individual mandate.")

The fee for not having health coverage.

Do you qualify for an exemption to avoid the penalty for not having insurance?  Check out this link to find out!

If you don’t have a fully insured ACA-style health insurance plan, you’ll pay the higher of these two amounts:

  • 2.5% of your yearly household income (Only the amount of income above the tax filing threshold, about $10,150 for an individual in 2014, is used to calculate the penalty.) The maximum penalty is the national average premium for a Bronze plan.
  • $695 per person ($347.50 per child under 18) The maximum penalty per family using this method is $2,085.

Please check out this link from the Marketplace to find out more about the penalty for not being covered.




Jeff Janosick
Health Insurance Consultant
National Producer Number | 10935898
Phone: 1-800-750-6530 | Direct: 1-859-414-0945 | Fax: 1-800-750-6530  |  |  My Facebook page