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Spooky stats as Open Enrollment approaches

Authored by Bukaty Companies on October 23, 2014

Open enrollment starts two weeks after Halloween, and here’s a scary fact:  nine out of 10 people without health insurance don’t know that.

The data comes from an October 2014 Kaiser Family Foundation poll, which also found that two-thirds of the uninsured know little to nothing about the Health Insurance Marketplace.

And, more than half don’t know that they could qualify for a subsidy to help pay their monthly premium costs.

The upside: almost 60% of the uninsured plan to get health coverage soon. That’s a good thing because the penalty for not having health insurance triples in 2015.

Let’s go ahead and assume most don’t know that either. Who wants a scary surprise at tax time? No one.

Without a qualifying event, individuals can only purchase health insurance during open enrollment, which this year runs from November 15, 2014, through February 15, 2015. 

Select few will qualify for an exemption, but most will need to purchase coverage or else pay a penalty when filing 2015 taxes.

The penalties are:


Courtesy of obamacarefacts.com

Individuals can start preparing for open enrollment now. Want to know if you'll qualify for a subsidy? Give us a call at 913-333-3389. We’re also scheduling open enrollment appointments to help reduce waiting times. 

To your health!

Blog Category: Individual

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Episode 12: Enrich your company's HSA benefits

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Episode 11: Regulation changes to know in 2020

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Episode 10: Lower costs with a dependent audit

Verifying plan membership is valuable to your company's bottom line. As much as 10% of dependents on your plan could be ineligible for group coverage! Learn more about conducting a dependent audit in your organization.

Episode 9: Make open enrollment a breeze

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Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

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Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

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