Blog

Jan 09

Latest news and updates from FamilyWize

Visit any Walmart on
Saturday, January 12th
for a FREE Wellness Day event!
They’re offering free health screenings, plenty of giveaways plus helpful tips to help you get a fresh start this year with your health and your home! Before you visit on the 12th, check the Walmart price of your prescription here to see if you can save money on your prescriptions this year.

 

The Affordable Care Act (ACA) Tax Penalty is Going Away

One of the most newsworthy changes we’ll see in 2019 is the removal of the tax penalty for being uninsured. Currently, if you fail to enroll in minimum essential coverage and are not exempt, you could owe a tax penalty for the time you’ve been without health insurance. After January 1, 2019 that tax penalty goes away.

For some people, this could mean more health insurance coverage options for 2019. Depending on your healthcare needs and what you can afford, you could choose an ACA plan or you could choose to enroll in alternative coverage (e.g., a primary care membership or a medical cost-sharing program) instead.

Other experts predict that dropping this tax penalty could cause some healthy people to opt out of health insurance entirely. Without their premium payments, overall ACA costs may rise and the affordability of even the lowest-cost plans could be affected.

 

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