Call Us Today For A Free Quote | 877.727.7780
Simpson Financial Group  Preparing for life’s uncertainties

family in a lake

The Affordable Care Act requires some individuals to obtain health insurance if they do not already have coverage from another source. You may be young and healthy. You may not have gone to see a doctor in months, if not longer. And you may believe that you do not need to obtain this type of coverage. Unfortunately, accidents occur. Illness strikes. And the Affordable Care Act aims for you to have coverage in place to minimize those unforeseen needs and costs to make health insurance more affordable.

Do You Need to Purchase Affordable Care Act Insurance?

The Affordable Care Act puts in place a number of regulations that you need to follow. In order to remain in compliance with the law, you will need to have minimum essential coverage throughout the year. If you do not have this, you may be able to avoid having coverage if you get an exemption. If neither of these options apply, you may be required to pay a fee for every month that you go without the minimally required coverage. You can avoid this by purchasing a health insurance plan.

What’s the Minimum Essential Coverage Required?

There are several ways to meet the requirement for minimum essential coverage. Some of those ways include the following:

  • You have an employer sponsored health insurance plan. This may include a COBRA plan or a retiree coverage plan.

  • You have purchased a policy for yourself or your family that is qualified under the Affordable Care Act.

  • You have Medicare Part A or a Medicare Advantage Plan.

  • You have Medicaid (some exclusions apply here).

  • You have Children’s Health Insurance Program coverage.

  • You have TRICARE.

  • You have a self-funded health coverage plan, which is typically offered by colleges or universities.

Not sure if you meet these requirements? If you have no health insurance in place, chances are good you need to have a policy to minimize your risks of paying a fee under the Affordable Care Act. However, you have many options to choose from and, with the help of your health insurance agent, you can minimize the risks associated with going without coverage or overpaying for it. The process does not have to be complex to obtain the coverage you need.

Your health is our priority. Call Simpson Financial Group at (877) 727-7780 for more information on Boston health insurance.
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Instant Quote
We love referrals! And thank you even more for your continued business.
Find an Agent
We have agents in your neighborhood! So give us a call.
Our Agency Blog
Stay in touch with the latest events, news and offers we have.
Computer Phone Connect
Get an instant quote online now! Talk to an agent directly by phone Connect to a local agent
Facebook Twitter LinkedIn Google+
Stay In Touch With Us Helpful Site Links Our Office

289 Elm St
Suite 102
Marlborough, MA 01752

(978) 222-3939
We have the expertise to find you the right coverage at the right price 
Attention: This website is operated by Simpson Financial Group, Inc. and is not the Health Insurance Marketplace website. In offering this website, Simpson Financial Group, Inc. is required to comply with all applicable federal laws, including the standards established under 45 CFR 155.220(c) and (d) and standards established under 45 CFR 155.260 to protect the privacy and security of personally identifiable information. This website may not display all data on Qualified Health Plans being offered in your state through the Health Insurance Marketplace website. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at

Simpson Financial Group, Inc., which has licensed insurance agents in 50 states. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer's enrollment in a health plan. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled.