If you haven’t yet signed up for a plan under the Affordable Health Care Act plans, there’s still time to do so.
If you sign up by January 30, 2014, you’ll be able to obtain coverage that will start on March 1, 2014. However, open enrollment goes through March 31, 2014 for coverage that will start about June 15, 2014.
Sixteen (16) states, as well as the District of Columbia, are running their own healthcare exchanges which people can sign up through. The other 34 states are operating under the federal government’s exchange at HealthCare.gov.
Cost, typically, has been an obstacle in many people obtaining health insurance, especially if their employer did not offer it. Yet, numerous community outreach programs have been trying to get the word out about the financial help available to people to allow them to sign up for healthcare. The help includes things like subsidies and tax credits which are designed to make healthcare affordable for everyone.
Currently, if you are a single person, you must make less than $46,000 to qualify for a subsidy. Married persons with families have a higher limit cut off for the subsidy.
If you don’t get into an “Obamacare” plan by the last March 31 deadline, you will be required to pay a penalty of $95 per adult, half of that for dependent children, up to $285 for a family of 4, or up to 1% of household income. If you don’t have insurance for only part of the year, you’ll only be charged a reduced penalty. Yet, in some circumstances (moving to a new state, new birth or adoption in your family, marriage, divorce, job loss) may qualify you to enroll later than the last March 31, 2014 deadline.
For more enrollment date information, you can visit HealthCare.gov.