It is never a good thing to stay without health insurance coverage. No one prays to have an accident or fall sick. But we can’t overlook the fact that these things happen. And they often happen randomly. You would even be subject to a tax penalty if you are without health insurance coverage for a certain period. Here is all you need to know about Obamacare enrollment so you don’t lose on two sides.
When can I apply for Obamacare enrollment?
The open enrollment period is when you can freely apply for marketplace insurance coverage. The open enrollment period is usually between November 1 and December 15 of every year. Some states have an extended open enrollment period. You can apply for a new coverage, switch plans or extend your coverage during this period. Your health insurance coverage would start by the first day of the New Year. This date may be different in states with extended open enrollment periods.
What if I miss the Obamacare enrollment period?
If you miss the Obamacare enrollment period, you can still apply for coverage during a special enrollment period. You are only eligible to do this if you have a qualifying life event. Such events include moving, marriage or divorce, birth or adoption of a child, etc. You may lose your eligibility if you do not apply within 60 days of the life event. If you do not have a qualifying life event, you may have to opt for short-term coverage. Free health insurance schemes such as Medicaid and CHIP are open all year round.
How to apply for Obamacare
You can apply for marketplace insurance online. All you need do is to visit the marketplace website- healthcare.gov and create an account. Thereafter, you’ll fill out the online application form, providing details about your family size and income. Thereafter, you’ll see a number of health insurance coverage options you are eligible for. You may then choose the plan you think suits you best.
If you cannot apply online, you may apply by phone, by mail or through a health insurance broker.
For more information please call ObamacareQuotes today at (800) 811-2640