↵The Affordable Healthcare Act is Scheduled
to Be Enacted October 1, BUT...
BBB is concerned about scammers who are already using confusion
about the new law to their advantage.
BBB is not commenting on the benefits or controversy of this new law that is scheduled to be enacted October 1. Consumers will soon enough decide for them selves the over-all value of the Affordable Care Act.
What BBB is doing is using our knowledge of how scammers use confusion and fear to their advantage
Here’s some basic information about the ACA to help level the playing field
- Watch out for phone calls saying you must provide personal or financial information to receive health coverage or keep the insurance coverage you already have have. These Scam phone calls have already been reported and will only increase as the date for enrollment in the health insurance exchange approaches.
- Consumers may also receive calls threatening fines for not having health insurance – don't be bullied. The penalty for not having health insurance is, for $95 or one percent of your taxable income – whichever is greater. However, no one will call you for payment of this fine nor will you receive a bill; the fine will be assessed, if you owe it, on your 2014 income tax form that's due April 15, 2015.
- You can't go to jail for not paying the penalty and the government can't even garnish your wages. The most likely consequence is that the IRS would withhold your tax refund.
ACA enrollment in what's referred to as the health insurance exchange begins on October 1, 2013, with coverage beginning January 1, 2014.
Governor Haslam announced on December 10, 2012 that Tennessee would not operate a state-based exchange. The Federal government will begin to operate an insurance exchange in Tennessee in October 2013. Consumers will have to apply for coverage, compare plans, and enroll at HealthCare.gov
Other Affordable Care Act fraud Tricks that will be used by scammers:
- There is no card given out (like with Social Security or Medicare) by the government.
- Medicare cards will not be affected. Scammers may try telling seniors they need to apply for a new card – this is not true.
- Don't respond to cold calls or provide sensitive personal or financial information over the phone. NO ONE FROM ACA WILL EVER CALL YOU.
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When in Doubt, remember to check with BBB for information on
businesses you can TRUST by visiting
The BBB of Middle Tennessee, Inc. was founded in 1961 as a non-profit Tennessee organization serving 38 counties in Middle Tennessee and 7 counties in Southern Kentucky. The first BBB was founded in 1912. Today, BBBs serve communities across the U.S. and Canada.
Serving as the 'ethical gatepost' of our communities, BBB fosters and promotes ethical business practices and self-regulation standards that build consumer trust in the marketplace. BBB services include business reliability information, complaint resolution services and consumer and business educational information.
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