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Understanding The Upcoming Obamacare Changes

6:21 PM, Jul 22, 2013   |    comments
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Greensboro, NC -- Come October 1, 2013 the enrollment for mandated health insurance begins. 

To help you figure out what you need to do and what plan to sign up for, every state will have what's called an "insurance exchange". This is a go-to spot on the internet to find all the insurance plans for sale in our area for you to compare.

If you need help affording insurance on your own you may be able to qualify for a subsidy. The state "insurance exchange" will tell you how much you might qualify for.

By 2014 if you don't have insurance, you'll have to start paying a  penalty fee when you file your taxes. The fee for a single person is 1% of your yearly income or $95 -- whichever is higher. 

Which means if you make $35,000 and you don't have insurance your penaty fee is $350 for the year.

When it comes to uninsured kids, parents will pay $47.50  for each uninsured child. The max a family would pay $285 for kids.

Before the "insurance exchange" goes online, there is a toll free number to call to ask questions 24/7: 1-800-318-2596.

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