It’s hard to believe that summer is winding down and before we know it, the craziness of Open Enrollment will begin. Here at Health Insurance Shop, we have been assisting Individuals from Fort Wayne, New Haven, Auburn, Angola, Kendallville, Ossian, Decatur, Columbia City, Huntington (and areas in between) enroll in Marketplace health insurance coverage. This upcoming Open Enrollment will be no exception!

It is our opinion that despite the renewal Marketplace policy holders will receive from their carrier – it is important to meet with us and review the plan changes and new options available for the next year. The process is fairly simple and generally runs pretty smoothly. To ensure that Individuals enrolling from Fort Wayne, Kendallville, Auburn, New Haven, Decatur and all areas in between are enrolled properly, here are a few pointers…

  • Income reported is HOUSEHOLD Modified Adjusted Gross Income (MAGI). This includes income from a spouse and/or working children that you claim as a tax dependent. You do have to estimate income for the year that you are applying for coverage.
  • The affordability test for available group health coverage is based upon the SINGLE rate (employee only). If what the employer charges for SINGLE coverage only is less than 9.86% of your MAGI, the group plan is considered affordable and no person in your household will qualify for the Advanced Premium Tax Credit (APTC).
  • Changes to your application can be made throughout the year. Failure to report changes in household size, household income, etc., could result in you owing the IRS for APTC that you received and should not have.

Sound confusing? It can be… Let us help take the confusion away. Give us a call now to schedule your Open Enrollment appointment for a date between November 1 and December 15th. (260) 484-7010