Does Your State Require Health Insurance?

Uninsured Californians who think the 2017 repeal of the federal tax on people who refuse to obtain health insurance takes them off the hook could face a painful surprise after they pay their 2020 state taxes. While the average premiums dropped in both 2019 and 2020, they are up, total, since 2016. The average monthly premium for a benchmark plan (the second-lowest-value silver plan) in 2020 is $388 for a 27-yr-old enrollee and $1,520 for a household of 4.

These plans are your best option when you do not at present qualify for a special enrollment interval. While there will not be penalties on the federal stage anymore for going uninsured or choosing a plan that isn’t ACA-compliant, it’s still essential to look at state necessities for health insurance. A large handful of states have their own health insurance penalties which are assessed when people don’t have insurance that complies …