Alright I'm 20 years old still in college (almost finish) still living with the Fam. and I have a low Income (for now). The problem Is I want health Insurance, I heard the penalty is $600 if under 27 years but if your 27 and above it would be 900 something dollars is that true? And what is the best health plan for me. BTW I'm in Massachusetts.
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The penalty is 50% of the cost of whatever the least expensive plan for your age is for each month you are without insurance. So the cost will increase for each year older you are. Ameriplan is not insurance, it is a discount card. Be very wary of medical discount cards. They are not regulated by the Department of Insurance nor do the people that sell them need to be licensed. This means you have little recourse when you have problems with the plan. If you are tempted by the low price and claims of "save up to 80%" be aware that very few doctors actually take these cards. It does you little good if you have to drive 4 hours to find a doctor that will accept the card. Montana couldn't find any doctors in the whole state that actually took the card and only one dentist who was on probation for unlawful activities so they banned the sale of the card and fined the company. See this link http://www.insurancejournal.com/news/wes… for more information. Many other states are exploring whether or not to ban these cards as well, including MA.
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