5 Tips for Last Minute Obamacare Shoppers

This Sunday, 1/31/16 is the scheduled deadline for the nationwide enrollment period for individuals and families. If you don’t act soon, you may be stuck with your current plan or uninsured until 2017!

Here are the top 5 tips to consider:

1. Beware of killer out of pocket costs: Affordable premiums are important. But no less important are the out-of-pocket costs (co-pays, deductibles etc.) you face when you get sick. What good is having a plan you can’t afford to use?
2. HSA-eligible health plans can save a bundle: Health savings accounts usually have high deductibles and can save you money. You can also save money on a tax-deductible basis for qualified medical expenses (co-pay deductibles etc.)
3. Subsidies, if eligible can save hundreds per month: If a single earns $47,000 or less ($97,000 for families) they may qualify for subsidy. Don’t leave money on the table!
4. Don’t lie about your income to get subsidy: Any subsidies given by the government will be reconciled on your 2016 income tax return the first quarter of 2017.

Use a broker to help: The premiums are the same whether you use a broker or buy directly through the internet so why not get professional advice for free?!

CALL 917-359-3985