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What Happens if You Don't Have Health Insurance in 2019?

January 4, 2019

No insurance for 2019?

Now that that the ACA has eliminated the penalty for foregoing health insurance (read our last blog post to learn more), you will not owe a tax penalty if you don’t have insurance. However, everyone should have some sort of coverage, even if it isn’t through a major insurance carrier. Two reliable options are short-term medical insurance and hospital indemnity insurance.

Short-term medical insurance is a temporary coverage. Many people who utilize this option are in between major medical policies. This insurance is designed with medical emergencies in mind, but there are a handful of plans that offer some preventive benefits.

Hospital Indemnity provides benefits that help pay for hospital, surgical and critical-illness related charges. Those benefits are paid out as a fixed dollar reimbursement, for covered expenses at specific durations. To read more on this topic, click on the button below.

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