All Posts tagged open enrollment

The 2015 Open Enrollment Period for the Health Insurance Marketplace

Already have your individual health insurance set for 2014, but you’re interested in changing over to an Affordable Care Act plan from the health insurance marketplace in 2015? The open enrollment period for next year starts November 15th, 2014 and remains open until February 15th, 2015. While you have some time to wait before enrollment is available again, this gives you plenty of time to compare and contrast the different plans. 

One of the benefits of purchasing health insurance through this marketplace is the varying plan levels that adjust the premiums and deductibles so it’s easier to find numbers that work for you and your family. While individual health insurance is tied to the enrollment period, small group health insurance for businesses is not. A business has the option of enrolling into a group plan for its employees at any time during the year. 

Learn more about health insurance plans in Texas by contacting the health insurance experts, onlinehealthexchange.com, working with the Insurance Agency of Dean Davis, based out of Austin. 

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Making Sense of the New Health Care Transition Policy

On March 5, 2014 President Obama’s Administration made another significant health care announcement.  In order to accommodate more Americans, the White House announced a two-year extension to the transition policy for individual and small group health plans that do not comply with the Affordable Care Act’s market reforms.

These requirements will render many major health insurance plans illegal, due to tighter restrictions that are designed to protect consumers from huge bills and debt. During this transition policy, which will be in effect through October 2017, plans that don’t comply with the Affordable Care Act won’t be terminated, and consumers won’t be penalized for keeping them.

This isn’t the first extension since open enrollment began on January 1, 2014.  Widespread website issues prevented many from signing up for health care coverage, so tax penalties were waived for the rest of 2014.  Now they’ve been extended another month.  So what does all of this mean? Americans without health care now have until February 15, 2015 to take advantage of open enrollment and get insured. Those who already have health care — but who faced cancellation because of stricter rules — have more than three years to seek compliant coverage.

To learn more about health insurance coverage options in Austin, Texas, contact the experts, onlinehealthexchange.com, working with Insurance Agency of Dean Davis.

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Enroll in Affordable Care Act Plans Before the Deadline

The health insurance marketplace for Affordable Care Act plans does not remain open for enrollment throughout the year. Currently, 2014 enrollment closes on March 31st, 2014. The only way you sign up for insurance outside of the enrollment deadline is due to major life changes. Some changes that qualify for an enrollment include having a child, getting married, losing your job, or getting divorced. 

If you do not enroll during the open enrollment period, you have to get insurance through another provider or potentially pay a tax penalty for not having insurance coverage in 2014. 2015 enrollment begins on November 15th, 2014, and runs until February 15th, 2015. Small businesses are not bound to the enrollment period and have the option of setting up insurance plans for their employees at any time of the year.

For more information about health insurance in Texas, contact the experts onlinehealthexchange.com, working with Insurance Agency of Dean Davis in Austin.  

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The Deadline for Open Enrollment is Coming — Don’t Miss it Or You’ll Go Without Coverage

The final deadline for open enrollment for a health insurance policy is March 31st, and it will arrive much sooner than you realize. It’s important to get coverage before this date in order to avoid penalties come tax time in 2015. If you miss the open enrollment deadline, you are essentially out of luck for coverage unless you have a qualifying event. Not having a qualifying event means you’ll be without any health insurance until the next open enrollment period begins.

Note that this is the only year that goes to March 31st for signups. The problems with the Healthcare.gov’s website caused officials to extend the enrollment period to accommodate those who were unable to enroll due to technical problems. The next time that the exchanges will open up isn’t until October 15, 2014, and it closes on January 15, 2015. This is to obtain health insurance coverage for 2015.

If you are avoiding signing up because you can’t afford a policy, you may qualify for a subsidy. All tiers of coverage can have their premium cost reduced by a subsidy, and this can make a basic policy that much more affordable.

Are you in the Austin, Texas area and in search of an insurance policy? Contact the Insurance Agency of Dean Davis today. The Agency of Dean Davis is working with the expert onlinehealthexchange.com to help people get enrolled.

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Don’t Miss The Affordable Care Act Open Enrollment Deadline

If you have not yet signed up for health insurance under the Affordable Care Act, then you still have a little time left. The open enrollment period runs through March 31, 2014, and after that date you are unable to obtain health insurance for the 2014 year. Other deadlines are just for an effective date earlier in the year with this being the final deadline.

The only way that you can get health insurance after this period is if you have a qualifying life event, such as a marriage, death or loss of other coverage. It is important to note that this is the only year that open enrollment goes through the end of March. For 2015, the open enrollment period starts on October 15, 2014 and ends on December 7, 2014.

You may even qualify for a tax subsidy that helps lower the cost of your health insurance under the Affordable Care Act.

For more information on health insurance in the greater Austin, Texas area, contact the Insurance Agency of Dean Davis today. The agency and health insurance expert onlinehealthexchange.com can get you signed up for health insurance now.

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Health Insurance Deadlines

Open enrollment in the new Obamacare insurance plans offered by state and federally operated Marketplaces was scheduled to begin on October 1, 2013 to give Americans plenty of time to research and choose their policy before the New Year.

As the year comes to a close, it’s good to keep in mind upcoming enrollment deadlines to ensure you’re well within the enrollment schedule to get the coverage you need. If you want your coverage to begin by January 1, 2014, you will need to buy your Marketplace plan by December 23, 2013. You can purchase Marketplace plans after this date, but coverage will not start January 1.

The last date for purchasing Marketplace insurance coverage for 2014 is March 31, with initiation of coverage depending on when the policy is bought. It’s important to set your own personal deadline for buying your policy so you don’t accidentally miss out by putting it off too long.

First time insurance buyers may need time to compare plan options and prices in order to get the best deal. This research should be done now, keeping in mind the upcoming deadlines and what they entail for you. For help in choosing healthcare plans in Austin, Texas, contact Dean Davis Insurance, now offering a health insurance expert to help you with all your health care needs!

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