Do You Have Healthcare Coverage? If Not, We Can Help You Find It!
As of January 1, 2014, the Federal Affordable Care Act (ACA) requires all Colorado residents to obtain health insurance coverage, either through their employers' group plans, through their state healthcare coverage marketplace, or privately on their own in order to comply with the ACA. This guide contains easy-to-understand explanations of the ACA, how and why to comply, and how health plans differ in coverage.
Why Should I Comply?
The federal government will be tracking health care coverage enrollments through income tax filings and assessing a tax against individuals who cannot provide proof of coverage. This tax penalty escalates substantially from tax year 2014 to tax year 2016:
- Tax Year 2014 = $95 per uninsured adult and $47.50 per uninsured child (up to $285 per family) OR 1 percent of taxable income
- Tax Year 2015 = $325 per uninsured adult and $162.50 per uninsured child (up to $975 per family) OR 2 percent of taxable income
- Tax Year 2016 and beyond = $695 per uninsured adult and $347.50 per uninsured child (up to $2,085 per family) OR 2.5 percent of taxable income
Given these stiff tax penalties for noncompliance, most people are working hard to comply with the new law. Also, tax credits and some financial assistance is provided to those who comply and qualify.
How Do I Sign Up for Coverage?
New customers or those wishing to change plans can enroll during Open Enrollment, which is from November 1 of each year to February 15 of the following year. There are some exceptions allowing for enrollment at other times of the year, as well.
- Just Beginning? Coloradans can get all the information they need to begin at Colorado.Gov/Health.
- Ready to Buy? To review and select an insurance plan, and to find out if you qualify for financial assistance, please visit Connect for Health Colorado. Or call them at 1-855-PLANS-4-YOU (1-855-752-6749), Monday through Friday, 8 am to 6 pm and Saturdays 8 am to 5 pm.
- Not a Colorado Resident? Visit HealthCare.gov to have your questions answered, locate coverage opportunities, and connect with local assistance in your area. You can also call them at 1-800-318-2596; TTY 1-855-889-4325.
The Library has free Wi-Fi for accessing these sites via your mobile device or laptop, or you can use a computer in one of our labs, free of charge, for up to two hours per day.
We can assist you in accessing useful website and information, but we cannot help you choose a plan.