It’s been a rough year for Obamacare and the 20 million plus individuals that are currently covered under the plan. With the massive amount of uncertainty and doubt swirling around the Affordable Care Act, its repeal, and its possible replacements, one thing is certain. Obamacare’s Open Enrollment Period for coverage throughout 2018 will run from November 1st to December 15th of this year. Don’t miss out on your opportunity to enroll at https://www.healthcare.gov. This Open Enrollment Period is crucial to remember because it is typically the only time you can apply for the program.
If you attempt to sign up for a healthcare plan outside of this Open Enrollment Period, then you will have limited opportunities to enroll or change your health plan. Healthcare.org will redirect applicants outside of the Open Enrollment Period to a screening test. This test will determine if you are eligible for a Special Enrollment Period, Medicaid or CHIP. If so, then you can enroll outside of the Open Enrollment Period. If not, then you will be required to wait until the next Open Enrollment Period.
Individuals are only eligible for the Special Enrollment Period when they have experienced a major life-changing event such as becoming pregnant, having a baby, losing previous coverage or getting married. It’s also important to report any changes in income or family size to your healthcare provider because these factors determine coverage eligibility. Failing to report changes could result in overpaying for coverage or an increase in the amount of money owed at tax time. Don’t let fear of needing to cancel at a later date stop you from signing up.
Cancelling your Marketplace plan is easy and convenient, and it can be done at any point in the year. If you have any further questions or concerns, please visit https://www.healthcare.gov/get-answers/.
The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney/client relationship. If you are seeking legal advice, please contact our law firm directly.