Don’t panic, we have you covered so that you can lock in your policy before then. Here are some important things to note about Open Enrollment 2019 before you make your decision:
The good news is you won’t be fined for not having health insurance in 2019. In previous years under the Affordable Care Act, if you went without coverage and didn’t fall under health-coverage exemptions, you might’ve incurred a fee (also known as the “Share Responsibility Payment” or “mandate”)—for as much as $695 per adult and $347.50 for each child under 18. Going forward in 2019, there will be no such tax penalties.
If you do not make the Dec. 15 deadline, re-enrollment in your current health insurance plan may be done for you automatically. However, don’t assume this, because some instances do not allow for auto-enrollment. Also, ensure you’ve provided current income and household information during registration in order to receive any applicable savings. Otherwise, you may get whatever you had for 2018’s insurance package.
While the national time frame is shorter for 2019, some states have set their own periods with extended deadlines. See if your state is among the list here.
Short-term healthcare plans have been extended. It’s one of the biggest changes made to the Affordable Care Act. Unlike the past, short-term plans will last an entire year. Plus, you can re-enroll in this option for a maximum of three years.
If you’re applying for a Catastrophic plan, you don’t need an exemption to enroll if you’re under 30. For those who are 30 or older and want this type of plan, you must be eligible for a hardship exemption. Access the hardship-exemption form here.
If you’re running a small business but are struggling to obtain and/or provide group health insurance, you might be relieved to learn the U.S. Department of Labor broadened their criteria via Associated Health Plans. Because of a presidential executive order, small businesses and independent contractors can unite via location or profession to receive coverage as if they were one, large company. This will give smaller entities the same purchasing benefits as bigger companies.
If you want to shop and compare in order to get the best deals, GoHealth provides excellent information on health plans from first-tier carriers in your area.
To get help with Open Enrollment, call GoHealth at (866) 909-0798 and a licensed insurance agent will assist you.