The health insurance open enrollment period for 2016 coverage is set to open Sunday, November 1st. Those who are renewing their marketplace coverage or enroll in a new plan will notice the rates for 2016 have increased. Understandably, many consumers are wondering why such a jump in premium. Unfortunately there is no single answer. Some of the major factors that have impacted 2016 rates are outlined in our 2016 rate infographic.
If you have questions about your coverage or need help finding a new plan, the marketplace-certified experts at AW Welt Ambrisco Insurance can help! Give us a call at (319) 887-3700
- Open Enrollment: November 1, 2015 – January 31, 2016
- Penalty for not having health coverage: 2016 – $695 per adult or 2.5% of annual income (whichever is greater)
- Penalties are assessed on the federal income tax return you file for the year you don’t have coverage.
For more information, contact us at (319) 887-3700 or firstname.lastname@example.org