Thinking of waiting until next month to sign up for health insurance? Think again. Your opportunity to buy coverage that is in compliance with the Affordable Care Act ends on March 31. That’s just days away!
If you haven’t heard, the health care reform law established a time frame for Americans to purchase health insurance. That time period is called open enrollment. It started on October 15, 2013 and ends on March 31, 2014. Unless you have a “qualifying life event,” you should probably pay attention to the March 31 deadline because if you miss it, you’ll face a tax penalty.
Here are the five qualifying life events that could allow you to enroll after March:
- Birth, adoption, or placement of a child in your household
- Permanent relocation to an area offering different plan options
- Loss of other health coverage
Examples include: job loss, divorce, loss of Medicaid or CHIP eligibility, expiration of COBRA coverage, a health plan becoming decertified. Note: The following are not considered loss of coverage: voluntarily cancellation, termination of a health plan because of missing premium payments, or losing coverage that is not minimum essential coverage.
- Change in income or household status that affects tax subsidy eligibility or cost-sharing reductions (think discounts offered by the government) of your qualified health insurance plan
We know, there are more fun things to do than shop for health insurance, but there’s good news. GoHealth makes the process simple and easy to understand. It’s our job
to save you time and money while finding you the best plan for your needs. Get started at GoHealthInsurance.com where you can compare several brand-name health insurance plans at once, then give us a call to enroll in as little as 20 minutes. Don’t put it off because you only have a few days left!