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Procrastination & Obamacare: What It Means For You.

September 23, 2015

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Deadlines for Obamacare

Open enrollment for the 2016 coverage year begins November 1, 2015 and continues through January 31, 2016.  This is a strict government deadline!  If you have not enrolled by January 31, 2016, you will not be able to enroll in a health insurance plan for 2016 unless you have a “qualifying life event”.

Qualifying Life Events

The following events will buy you a 60 day Special Enrollment Period.  Again, the 60 day window is a strict government deadline.

  • Getting married
  • Getting divorced
  • Having a child, adopting or fostering a child
  • Becoming a U.S. citizen
  • Turning 26 years old
  • Moving out of your current coverage’s service area
  • Losing an existing policy under specific conditions:
    • Loss of coverage with your employer/COBRA coverage expires
    • Your plan was terminated by the carrier
    • Loss of Medicaid eligibility, CHIP eligibility, etc.

Non-Qualifying Life Events – NOT considered qualifying events

  • Coverage terminated by carrier for non-payment of premiums
  • Voluntarily termination of existing coverage
  • Missing the enrollment period

What does this mean for you?

You cannot afford to procrastinate!  As much as an agent would like to help you, if you don’t get your paperwork to your agent in time to process before the deadline, there will be nothing the agent will be able to do.

There is no finagling with the Federal Government.

Your agent will be processing an incredible number of policies at this time, so check with your agent early to find out what you need and when you need it!  Then, get ‘er done!

As always, thanks for reading.

—E. A. Cooke

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