Wherever you stand on the Affordable Care Act, the tax penalty for going without insurance has been one of its most controversial features. Many have been relieved to learn that, in Illinois, these penalties are being phased out in 2019. Those who were filing taxes in April of 2019 may have found that they did have to pay a penalty for not carrying health insurance in 2018, but those filing in 2020 will not have to pay that penalty if they live in Niles, IL.
Of course, it’s a good idea to carry insurance whether or not it is required in your state. The costs associated with a sudden illness or injury can eat up your life savings more quickly than you might realize, and simply being able to go into the doctor’s office for regular check-ups can go a long way towards ensuring that you don’t suffer those illnesses in the first place, or at least catch them early on when they are most easily treated.
That is to say that, in Illinois, health insurance is not a legal requirement, but you could argue that it is a personal requirement. To ensure a higher quality of life and good health, health insurance is an absolute must. You can always buy another car or rebuild your home in the event of a serious storm, but we’re only given one body.
If you’re shopping around for health insurance in Niles, IL and want to make sure that you are covered, get in touch with Bob Korvas Agency Inc. You need a policy that suits budget and your personal and health needs, and that’s what Bob Korvas Agency Inc. is here for.