As part of health care reform, starting in January 2014 most Americans will need to have “minimum essential” health insurance coverage or face a tax penalty.
We've gotten a number of calls from consumers wondering if their current health coverage qualifies. (In particular, a number of people who get their medical care through the Veterans Administration have called to check.)
In many cases, the answer is yes. Many existing plans qualify as minimal essential health insurance coverage. Here are some examples:
• Medicare Part A
• Health programs administered by Washington state (such as Medicaid or the Children’s Health Insurance Program)
• Coverage through the Veteran’s Administration
• Coverage from an employer, regardless of whether the employer is a government agency, a private-sector employer, or an Indian tribe.
• A individual plan (i.e. a plan that you buy on your own directly from a health insurance company).