Elimiation of Penalty in 2019 |
Premiums will be higher in the Marketplace |
[The] tax penalty is being eliminated after the end of 2018, although the individual mandate itself will remain in effect. So there will still be a rule that says you have to have coverage, but there will no longer be a penalty for people who don’t comply, other than the fact that they’ll be without coverage if and when they eventually need medical care.
Source: https://www.healthinsurance.org/obamacare-enrollment-guide/what-is-the-obamacare-penalty/ Immigration Status affected by Government BenefitsA new rule being drafted by the Trump administration would weaponize the Affordable Care Act and other social programs against immigrants, potentially affecting millions.
...The administration [has issued] a rule that would give the government the power to reject legal immigrants from receiving green cards if they had received social services such as food stamps, children’s health insurance, or subsidized health insurance through Obamacare. What the Trump rule [has done] is change how the government decides if someone is a public charge. Currently, the government examines whether someone is likely to be primarily dependent on government support... including Obamacare, Medicaid, and the Children’s Health Insurance Program. This new rule will also place a new scrutiny on current Green Card holders receiving government benefits, and could jeopardize their immigration status by participating in the government run health insurance schemes. Source: https://www.healthinsurance.org/obamacare-enrollment-guide/what-is-the-obamacare-penalty/ |
The cost of health insurance for those who buy individual plans... will likely rise in 2019 as a result of the penalty disappearing, according to the CBO.
“Those that remain in the market, they’re going to have to raise their rates, there’s just no other way around it, to account for the fact they’re going to have a smaller, sicker group of people enrolling,” Corlette said. People who receive Obamacare tax credits will likely be mostly insulated from any increases. That’s because their tax credits will generally rise as premiums rise. That means people who don’t qualify for tax credits will feel the full brunt of higher premiums if they buy individual insurance. For next year, insurers in Illinois are already increasing rates, on average, by 16 to 37 percent for the lowest-priced exchange plans. Source: https://www.chicagotribune.com/business/ct-biz-obamacare-insurance-penalty-repeal-1221-story.html |