Health plans that qualify as minimum essential coverage
As of 2014, taxpayers is required to have health insurance coverage. Health plans that qualify as a minimum essential coverage. If you are covered by any of the following types of plans, you're considered covered under the health care law and don't have to worry about paying a penalty.
- Any marketplace plan, or any individual insurance plan you already have
- Any employer plan (including COBRA plans, with or without "grandfathered" status)
- Retiree health plans
- The Children's Health Insurance Program (CHIP)
- TRICARE (current service members and military retirees, their families, and survivors)
- Veteran health care programs (including the Veterans Health Care Program, VA Civilian Health and Medical Program (CHAMPVA), and Spina Bifida Health Care Benefits Program)
- Peace Corps Volunteer plans
- Self-funded health care coverage offered to students by universities for plan or policy years that begin on or before December 31, 2014
Health plans that don't count as coverage
Some products that help you pay for medical services don't qualify as minimum essential coverage. If you have only this kind of product, you may have to pay the fee: Example include:
- Coverage only for vision care or dental care
- Worker's compensation
- Coverage only for a specific disease or condition
- Plans that offer only discounts on medical services.