Hopefully you do have health insurance, but if for some reason you did not in 2014, you may be able to file for a waiver from the ACA tax penalty. As most of those who signed up through healthcare.gov had a lengthy process, the waiver process may be just as complicated. But, it may be worth it to give it a try. The penalty for going uninsured is not just $95 per person for 2014, but the greater of that or 1% of your household income.
The annual creditable/non-creditable prescription drug coverage notices are going out to current Medicare Supplement plan members soon.
Medicare Open Enrollment for 2015 plan changes will be from October 15 through December 7th, 2014. If you need to make a change to your Medicare insurance plan, this is the time to make the change, which will then become effective January 1, 2015.
Open enrollment for 2015 health insurance plans runs from November 15, 2014 through February 15, 2015. This is the time during which anyone, for any reason, can purchase new individual or family coverage with an effective date in 2015.
The date your 2015 coverage begins will depend upon the date you apply for the coverage, as follows:
If you apply between …
November 15, 2014 – December 15, 2014, plan starts January 1, 2015
HHS creates 60-day Special Enrollment Period for anyone with COBRA
If you are currently on COBRA health insurance coverage, contact the Herbert Insurance Agency so we can explore your options & see if we can find you more affordable rates.
As an independent insurance broker mainly selling health insurance to individuals and small groups, just about all of my clients will be affected by the ACA (Affordable Care Act ). I advise everyone to be patient as updates and changes seem to happen daily, and as of Sept. 15, agents still have not been given access to the new quoting tools to be used.
The Pre-Existing Condition Insurance Plan (PCIP) is a new program offered in every state under the Affordable Care Act. It can be administered by either states or the Federal government. The PCIP may be able to help you if you've been locked out of the insurance market while the nation transitions to 2014.