FRP Financial



10616 E. Valleyway Avenue
Spokane Valley, WA 99206


(509) 327-9603 or (877) 531-1800


(509) 323-1395

Individual Medical Insurance for 2018

Open Enrollment

November 1, 2017 - January 15, 2018

The Affordable Care Act, also known as Obamacare, created an Open Enrollment period for obtaining individual and family medical insurance back in 2010.  As of today, no legislation in Washington, DC has either changed nor repealed Obamacare.  Please read The Kaiser Family Foundation article regarding "What's the Near-Term Outlook for the Affordable Care Act?" for more information on the current status of individual and family coverage.

Moving toward 2018, the next Open Enrollment period is November 1, 2017 - January 15, 2018 to enroll or change your medical coverage.  However, if you enroll after December 15th, your coverage will be effective February 1st.

Beginning November 1, 2017, individuals (including family members) may apply for new health insurance or switch to a different health insurance plan, whether you are covered through your state exchange or are purchasing coverage directly from an insurance carrier (without a subsidy).  The open enrollment period lasts until January 15, 2018.  "An Early Look at 2018 Premium Changes and Insurer Participation on ACA Exchanges" by the Kaiser Family Foundation provides more information.

The only way to enroll in a qualified health plan outside of this Open Enrollment Period, is if you have a qualifying event, such as loss of group insurance, marriage, divorce, or birth of a child.  For any of these circumstances you may be eligible for a Special Enrollment Period (which is typically the 60 days following the qualifying event).  Please contact us if you have questions about these special election periods.  You can call us toll free at 1-877-531-1800 or email us at

If you do not purchase or renew your coverage during the open enrollment or special election periods a short term medical plan could be available to you (which does not satisfy the minimum essential coverage benefits of Obamacare), but can offer you health insurance protection until the next open enrollment period.  It is important for you to review your renewal options through your state exchange, or carrier.  Please log onto your account and check for correspondence from either the state or the carrier.

At FRP Financial, we can help you navigate the individual and family medical insurance markets, both within and outside of the Washington Healthplanfinder. We are dedicated to helping you select a medical plan that best suits your needs and can assist you with determining your subsidy eligibility.


Please click on the Healthplandfinder image below to shop

for coverage, and to  see if you qualify for a subsidy: 












 Or if you wish to shop the Individual Market outside of the Exchange, you can look at Kaiser Permanente plans. 

please click on the logo below:






The Penalty in 2018 and Beyond

For 2018 the penalty has not yet been announced, but will be posted here as soon as the information is available. The penalty will be calculated one of two ways. If you or your dependents don’t have insurance that qualifies as mimum essential coverage you'll pay whichever of these amounts is higher. The 2017 penalty is:

  • 2.5% of your yearly household income. (Only the amount of income above the tax filing threshold, $10,150 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
  • $695 per person for the year (347.50 per child under 18). The maximum penalty per family using this method is $2085.

If you’re uninsured for just part of the year, 1/12 of the yearly penalty applies to each month you’re uninsured. If you’re uninsured for less than 3 months, you don’t have to make a payment. You’ll pay the fee on your 2018 federal income tax return. For more information please click on this link:



HSA Plans

What about HSA's?  Should I consider one for my coverage? The answer may be "yes", and you can click here to learn more about how an HSA plan works.

Common Sense Guide to Health Savings Accounts

If you think an HSA makes sense for you, or if you have additional questions, please don't hesitate to contact us at 1.877.531.1800 or by email at .