Health Insurance and Taxes, Two Big Reasons to Act By Feb 15

Covered California and their tens of thousands of partners are working hard to ensure as many people as possible get the health insurance they want, and avoid future tax penalties.  With just a few days left before the February 15, 2015 deadline, time is short, but you still have time to sign up.

Covered CA Sprint to the Finish 2

If you don’t know how to get started, the best thing to do is to go online and head on over to www.coveredca.com.  From the website it is easy to compare plans and get your questions answered, or you can call them at 800-300-1506.

Not having health insurance can be stressful on its own, but there is another reason to think about the February 15th deadline.  Taxes!  When the Affordable Care Act passed it was understood that everyone needed insurance or they would face a tax penalty.  In an example provided by H&R Block, and reported by NPR, one couple with a combined income of $65,000 would have to pay a fine this year of nearly $450.  Next year that fine doubles, so if you want to avoid writing a big check to the IRS on April, 15, 2016, you better get in contact with Covered CA before February 15th of this year.

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If that news made your heart jump, don’t panic, and remember there are tens of thousands of Covered CA partners out there who are working hard to make sure you get the insurance you want, and avoid the tax penalties you don’t want.

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