Deadline approaching for January 1 Obamacare coverage
“A Special Enrollment Period around the April 15 tax filing deadline won’t be offered this year”. So far, officials said, more than 62,000 Ohioans have signed up for coverage through the exchange since open enrollment began November 1.
One of the other ongoing developments has been the bankruptcy of more than half the state government-sponsored health insurance providers. Those who attend will have the opportunity to learn about health insurance basics, Medicaid and public options, the tax implications of insurance enrollment and the closing of the Arches Health Plan insurance cooperative and the changes in health insurance options in Utah.
Anthem Blue Cross Blue Shield aims to phase out its “grandfathered” individual insurance plans that are not compliant with Affordable Care Act standards, company officials said Monday.
That means carefully comparing costs and coverage, as many consumers are now largely responsible for acquiring their own health insurance, after decades of relying on employers. New Hampshire consumers who switched plans over the past year saved, on average, $233 annually without sacrificing available coverage.
And if you don’t get health coverage for 2016, you’ll have to pay either 2.5% of your income or $695 per adult (capped at $2,085) in 2017. Medicaid growth in 2014 was driven by the ACA’s Medicaid coverage expansion in 26 states and the District of Columbia, which added an estimated 6.3 million new enrollees in 2014. Individual insurance plans often had high deductibles.
The country is approaching its third enrollment wave for affordable health insurance available on the Health Insurance Marketplace.
“Clearly, people have been waiting all year to get signed up”, Slavitt said.
Eight of the 10 surviving co-ops reviewed by The Associated Press were spending 89 percent or more of their premium income on medical costs.
While the political battle over President Obama’s signature health care law continues, consumers have to live with the day-to-day reality of the Patient Protection and Affordable Care Act, at least until after the next presidential election. They will focus on examining health insurance outcomes for people with disabilities.
Health and Human Services Secretary Sylvia M. Burwell said in late October that returning Marketplace customers have saved money by shopping. “You can apply for a premium tax credit which helps lower you monthly premiums, and then you can enroll in a plan”, Clasen says. No one should go without health care because of where they live, or be forced to leave the communities they love to get the coverage they need. The program helps with the cost of healthcare, but it does not cover all medical expenses or the cost of most long-term care. Even if you are planning on staying on the same plan for next year, you must go through the process of confirming your household information and income and selecting the plan for next year.