The individual mandate is the requirement that everyone who can afford health insurance have coverage starting January 1, 2014 or pay a fee.
- If you currently get your insurance through a large employer, your health insurance coverage only changes if your employer chooses to change it. You will likely be able to keep the coverage you have and still see the same doctor.
- If you currently get your insurance through a small business, the law creates opportunities for your employer to purchase higher quality, more affordable health insurance coverage. If you are a small business owner, check out the Small Business Health Options Program (SHOP) for information.
- If you are currently enrolled in Medicaid, you will be able to keep your Medicaid coverage as long as you are still eligible.
- If you are currently enrolled in Medicare, you will be able to keep your Medicare coverage.
The IRS will send you a reminder about the new law. You may have to pay a fee if you do not have insurance coverage and do not qualify for an exemption.