October 2014

The Affordable Care Act (also known as ObamaCare), has allowed many people who have not had access to health insurance to obtain it. However, as many people experienced earlier this year, applying for health insurance is not always an easy task. Many people experienced difficulties signing up for health insurance through Cover Oregon and even though they have signed up, they will still have to re-enroll for 2015. 

We at IC$ had questions around the ACA and enrolling in health insurance, and we figured you might have questions as well. Here is what you need to know:
  • If you have not yet enrolled in health insurance, the next time you will be able to do so is on November 15th.
  • If you enrolled earlier this year in Cover Oregon, you will have to re-enroll between November 15th and February 15th 2015 to be covered by insurance through 2015.
  • If you qualify for financial assistance you must enroll between November 15 and December 15, 2014. 
  • Next month, every Oregonian should visit Healthcare.gov to enroll.
  • Do not visit Cover Oregon's website - they will not be offering plans for 2015. 
We have a couple articles this month that give you some facts and tools for preparing to enroll next month and how the ACA may affect you at tax time. We also have a credit tip of the month for October and will provide you with a credit tip each month for building strong credit!

All the best,

Innovative Changes

Credit Tip of the Month

Frustrated because you can't afford to pay off old collections? While we encourage you to make good on your obligations, 35% of your credit score depends on making on time payments on your open accounts like credit cards and loans. That means you can build your credit now, even if you can't pay off all your old debt, just by making on time monthly payments!


Interested in learning more about how to build credit? Attend a credit builder loan orientation!

Top 5 Facts to Know About the ACA

The Affordable Care Act is changing in important ways for Oregonians for 2015, including a shorter enrollment period and a new online marketplace. We've pulled together the top five facts that you need to know for the coming year.
Tax Credits and the ACA
With the passage of the Affordable Care Act (ACA), there have been many provisions that affect tax law for the 2014 tax year. The ACA requires individuals and families to obtain health insurance or face a tax penalty. It also entitles many people to a tax credit that will help them pay for health insurance. Learn more.

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Resources for Enrolling in Health Insurance

Signing up for health insurance can be a stressful task especially when there is a penalty for not enrolling. Luckily, there are resources available to help you figure out which plan would be best for you, how to enroll, and what it will cost you. Read about the resources we found to help prepare you for enrolling on November 15.

Upcoming Workshops & Orientations

The next Financial Household Resiliency workshops will be:


- Tuesday evenings from 5:30-7:30 November 4th-25th 


All take place at our office, 2010 Lloyd Center Mall.


You can register for the classes here.


Our next Credit Builder Orientations will be:


- Wednesday, October 29th 5:30-6:30 pm

- Friday, November 7th 1-2 pm 

- Thursday, November 13th 5:30-6:30 pm

- Friday, November 21st 1-2 pm

- (en espanol) jueves, 4 de diciembre 5:30-6:30 pm


 All take place at our office, 2010 Lloyd Center. Register here.

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