Know the exemptions — Enroll in healthcare or face a steep penalty

If individuals do not have health insurance by Jan. 31, they may be subject to a fine reaching $695 for each adult and $347.50 per child, or 2.5% of income. However, there are several exceptions to the penalty, as listed in Forbes.

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The most common exemptions include:

• You are homeless, facing eviction or foreclosure or received a notice of utility shut-off
•You experienced domestic violence
•You experienced death of a close family member
•You experienced a fire, flood or other natural disaster that caused substantial damage
•You filed for bankruptcy
•You had medical expenses you couldn’t pay
•You had unexpected increases in expenses paying for an ill family member
•You were eligible for Medicaid but your state didn’t expand Medicaid
•Your individual plan was cancelled and you considered Marketplace plans unaffordable

More articles on coding & billing:
The big 6 — Key points on the nation’s largest payers
Minnesota subcommittee advocates a state-run health insurance exchange — 5 observations
Billing company offers free consultations on outsourcing — 5 key notes

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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