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Health insurance options increasing for owner-ops, as open enrollment period enters final few weeks for exchange plans

By Todd Dills -
Posted Nov 29th 2018 11:52AM

For owner-ops opting not to purchase health insurance during the current open enrollment period for both the federal and state health insurance exchanges ending December 15 for most for coverage that starts Jan. 1, there’s a significant difference this year after moves last year that successfully repealed the mandate for individuals to buy health insurance or face a tax penalty. The penalty, assessed for the current tax year for individuals on 2019 returns and worth $695 (per-individual in the household for families) or 2.5 percent of income, whichever is greater, will not be assessed for the 2019 tax year for not carrying health-insurance coverage.