Justina Burciaga, a broker for Health Markets, helps two women as they try to figure out their options for health insurance. In the final week leading up to the March 31 deadline for signing up for health insurance through the Affordable Care Act, the waiting room was filled with people wanting to sign up at the Connect for Health Colorado enrollment site on the 16th Street Mall in downtown Denver on Monday, March 24, 2014. (Kathryn Scott Osler, The Denver Post)As 2015 open enrollment ends Sunday, Coloradans without health insurance will face significantly higher penalties this year than they did last year.This year, the penalty doubles to 2 percent of adjusted income, or $325 per adult, whichever is greater. It’s an additional $162.50 per uncovered child in the household, up to a family maximum of $975. Next year, the penalty will be whichever is greater, 2.5 percent of adjusted income or $695 per adult and $347.50 per child, up to a family maximum of $2,085.In 2014, the first year of enrollment in state health insurance exchanges under the Affordable Care Act, the penalty for Americans rejecting the insurance mandate was the greater of 1 percent of household adjusted income or $95 per adult. There was an additional fee of $47.50 per uncovered child, up to a family maximum of $285.On the incentive side, tax credits are available for lower- and moderate-income individuals or families — but only if they sign up through their state or federal exchange. In 2014, about 150,000 Coloradans signed up during open enrollment and throughout the year, adding and dropping coverage as changing personal circumstances made them newly eligible or ineligible for the exchange. The number of Coloradans with active policies as of Dec. 31 was 123,138. Of health plans sold, 71 percent were individual policies; 19 percent were for couples, 5 percent covered a couple and child, and the remainder were for families of four or more.More than half of 2014 enrollees received tax credits, with the statewide total reaching $251.6 million, according to recently updated figures from the exchange. The statewide average premium savings per month was $262. The exchange has struggled with consumer problems and complaints about online enrollment. Exchange interim CEO Gary Drews said Monday … – Click Here To Visit Article Source