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Dear Addy,

My daughter with von Willebrand disease has health insurance but I don’t have health insurance for myself. What will happen if I decide not to purchase any?

Coverage Unsure

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Dear Unsure,

The deadline to purchase insurance without facing a penalty is March 31, 2014. Because of the individual mandate under the Affordable Care Act, persons who don’t purchase health insurance by March 31, 2014 will face a penalty. The penalty is $95 or 1% of your income the first year. After that, the penalty increases to 2.5% of your annual income by 2016.

There is still time to purchase health insurance without a penalty. If you do so before the 15th of the month, your coverage will be effective starting the 1st day of the following month. For example, if you purchase health insurance by February 14, 2014, your coverage will begin March 01, 2014.

Also, if you have not been able to afford health insurance in the past, please review the current plans available in your state via www.healthcare.gov . You now may be eligible for a lower cost plan or financial assistance. But, if after reviewing the plans, you discover the costs are still too high you may qualify for a financial hardship waiver. If you qualify for the financial hardship waiver, you will not face a penalty.

Sincerely,

Addy

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HFA frequently receives questions from the bleeding disorders community related to advocacy issues. The questions often impact the entire community. In an effort to reach the largest audience possible with our responses to these widely applicable questions, HFA developed “Dear Addy.” Questions submitted to this column are edited in order to protect privacy and should be considered educational only, not individual guidance.

 

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