Starting in 2014 any individual not exempt will be required to carry minimum essential coverage or pay a tax/penalty.
If your family income is less than 138% of the Federal Poverty Line you will need to make sure you qualify to buy a plan on the exchange and should contact your local medicaid office or go online to Healthcare.gov for determination of eligibility.
If your incomes is between 135% and 400% of the Federal Poverty Line you may qualify for premium assistance (tax subsidy). A licensed Exchange Certified Broker may assist you in determining your eligibility for a Obamacare Health Subsidy.
Explore Obamacare resources and learn more Obamacare Facts.
If you didn’t enroll by January 31, 2016, you can’t enroll in a health insurance plan for 2016 unless you qualify for a Special Enrollment Period.The Open Enrollment Period for 2017 is November 1, 2016 — January 31, 2017.
West Virginia Limited Benefit Plans
(not considered minimum essential coverage)
Limited Benefit Policies cover individual and families for specific services performed at a doctors office, hospital, surgery and other benefits. Plans are offered with a little coverage or a lot of coverage depending on what you would like to pay. Limited Benefit Plans are not considered "Major Medical" which means they do not fall under the federal guidelines of the Affordable health Care Act and therefore are not subject to the essential mandated coverage.
Many consumers will buy Limited Benefit plans instead of Obamacare Plans because the tax or penaly in 2014 is cheap compared to the high cost of buying exchange plans and Limited Benefits policies are more affordable especially if you do not qualify for a ACA Tax Subsidy to help offset the costs of Obamacare Exchange plans.