February 26, 2015
Three Rivers Medical Center can help
Louisa, Ky — If you’re in the process of filing your 2014 taxes and learn you’re going to be penalized for not having health insurance in 2014, you may qualify for a special enrollment period to obtain coverage for 2015. From March 15 until April 30, the government will open a special enrollment period. By obtaining 2015 coverage before April 30, you may avoid paying a tax penalty in 2015 – and you will have health insurance that will help cover your family in the event of injury or illness. Just as it did for the most recent open enrollment period, Three Rivers Medical Center can help with enrollment.
For individuals who were unaware or didn’t understand the implications of the tax penalty for not enrolling in coverage, this special enrollment period will provide an extended opportunity to purchase health insurance coverage for 2015. To qualify, an uninsured individual must meet these qualifications:
The uninsured individual will need to state they had to pay a penalty for not having coverage in the 2014 tax year.
The uninsured individual cannot be currently enrolled in a plan on HealthCare.gov.
The uninsured individual only found out they were going to have to pay a tax penalty when they were preparing their 2014 tax return.
Those who did not qualify for an exemption and went without health coverage in 2014 will pay a tax penalty of $95 per adult or 1 percent of their income, whichever is greater – when they file their taxes for 2014. Unless uninsured consumers take advantage of this special enrollment period, they may have to pay a tax penalty when filing their 2015 income taxes. The penalty will increase to $325 per adult or 2% of income for 2015.
“The good news is based on household income and dependents, some individuals may qualify for financial assistance from the government – or subsidies – towards the cost of the premium and other financial obligations like co-pays or deductibles,” explains Greg Kiser, CEO.
The application counselors at Three Rivers Medical Center stand ready to assist the still uninsured in our community. “We can help individuals and their families evaluate the available health plans and determine if they’re eligible for Medicaid or other insurance options.”
It’s not too late, but the deadline is April 30 and individuals must meet certain qualifications. “Let us help take the frustration out of the enrollment process. Call us at 606-638-7494 before April 30 to avoid the tax penalty in 2015,” says Kiser.
Three Rivers Medical Center has been awarded Joint Commission Top Performer distinction four years in a row. The Emergency Department is an Accredited Chest Pain Center. TRMC is a 90-bed, acute care facility. It is accredited by The Joint Commission. With over 80 medical staff members, TRMC offers cardiology, general surgery, nephrology, orthopedics, urology, gynecology, ophthalmology, otolaryngology, gastroenterology, podiatry, 24-hour emergency care, diagnostic radiation, rehabilitative services and mental health.