Health Care Affordable Care Act Health Insurance Marketplace Open Enrollment is November 1st through January 31st [Video] Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Sep 11, 2015 - [Updated Jul 23, 2019] 1 min read Under the Affordable Care Act, most Americans need proof of health insurance coverage. Without health insurance, you could face an increased penalty for 2016 of $695 per adult in household or 2.5 percent of income when you file your 2016 taxes in 2017 Open Enrollment in the Health Insurance Marketplace starts November 1, 2015, and ends January 31, 2016. If you don’t enroll by January 31, 2016, you won’t be able to sign up for coverage in the Marketplace unless you have a qualifying life event, such as getting married or having a baby. TurboTax makes it easy to accurately report your health insurance status and Affordable Care Act forms at no charge. Watch our video to learn more. Previous Post Is This Deductible? Going Back to School Next Post Affordable Care Act Update: New Information About Form 1095-B and… Written by TurboTaxBlogTeam More from TurboTaxBlogTeam 4 responses to “Affordable Care Act Health Insurance Marketplace Open Enrollment is November 1st through January 31st [Video]” What if you can’t afford insurance or a “life event”? Will the gestapo off me? Reply What is your address ? Reply The heath insurance from Turbo tax is for Americans only and ot Canadians, correct? Reply Hi Robert, The health insurance law from the Affordable Care Act (not TurboTax) is for Americans. That is correct. TurboTax allows you to easily report your health insurance status and TurboTax doesn’t charge for Affordable Care Act forms. Thank you, Lisa Greene-Lewis Reply Leave a ReplyCancel reply Browse Related Articles Tax News Intuit TurboTax April Report: A Look at Refunds and S… Tax Planning April 15 is the Tax Deadline: 6 Things You Need to Know… Tax Planning Unable to Pay Your Tax Bill? Here’s What To Do Tax Tips Tax Credits 101: What They Are & How They Work Business How to Know if You Should Invest in Business Insurance Tax Deductions and Credits What Is the Standard Tax Deduction for 2023 – 202… 401K, IRA, Stocks Should You Use Your 401(k) or Retirement to Pay Off Deb… Tax Planning What Happens If You Don’t Pay Taxes? Understanding Pe… Tax Deductions and Credits Family Taxes: Take Advantage of Tax Savings Taxes 101 How Much Do You Have to Make to File Taxes? Demystifyin…
Hi Robert, The health insurance law from the Affordable Care Act (not TurboTax) is for Americans. That is correct. TurboTax allows you to easily report your health insurance status and TurboTax doesn’t charge for Affordable Care Act forms. Thank you, Lisa Greene-Lewis Reply