Under 30? Got Health Insurance Yet?
You’ve seen all the publicity on “Obamacare,” right? If you think The Affordable Care Act—the official name—isn’t about you, you’re wrong.
Even if you are the healthiest young person in the world, the law now requires that you must have “minimum essential” health insurance coverage.
Deadline approaching: You have to be enrolled in an approved insurance plan by March 31, 2014. If you don’t have coverage, and don’t have the right excuse for not having that coverage, you will have to pay a tax penalty.
What Are Your Responsibilities Under the Affordable Care Act?
The Affordable Care Act (ACA) of 2010 (often called Obamacare) established new rules and minimum standards for health insurance in the U.S. One important aspect of the act is the requirement that most individuals purchase insurance starting in 2014 or pay a penalty if they are not covered by insurance at work or by Medicare or other specific health insurance plans.
To make coverage possible for people who currently don’t have insurance or can’t get it, the ACA also provides new protections including:
Staying Updated on Health Insurance and the Affordable Care Act
Because work continues on making the healthcare.gov site more functional and debate continues on what needs to happen to fix enrollment problems for health insurance, we suggest that you follow two blogs:
Thousand-Dollar Money Mistakes: How to Prevent Them
We've been looking at the ways young people waste the most money without knowing it—at least a thousand dollars—and guess what? There are tons of ways, which is pretty scary! Here's a look at the most common disaster spots for your wallet.
Using a debit or credit card for minor purchases. Have you ever gone into a store to buy a bottle of pop and ended up spending ten bucks rather than two bucks because the store has a “minimum” purchase requirement for using a card? You know, you just start grabbing things, whether you really need them or not. Studies show we spend around eight bucks more when we charge small items rather than pay cash.
Many of us make over 150 purchases like this in a year. At eight bucks a pop, that means you're throwing away $1,200 in a year. The Solution: Always keep a little cash in your pocket.
Planning on Giving to Typhoon Haiyan Victims?
The news has been full of pictures of the devastation in the Philippines caused by Typhoon Haiyan. Many people want to help. Unfortunately, with disasters such as this, scams appear almost immediately. Many of these scams take the form of fake charities.
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