So, the phone calls have begun- “What are my health insurance options after Obamacare open enrollment ends?”
Obamacare open enrollment for 2014 just finished March 31. If you missed the deadline, there are just a few options for health insurance available (outside of job based coverage of course).
3 Common health insurance options after Obamacare open enrollment ends:
- Short-term health insurance .
- The next open enrollment period. The dates for the next open enrollment period are November 15, 2014- February 15, 2015. Coverage would begin based on the date the application is submitted.
- Special enrollment situation. See examples below.
Important FYI about short-term health insurance
- Typical policy period is 6 months. Depending on the company, you may have the option to re-apply for one additional 6 month time period, for a maximum of 1 year.
- Short term health insurance policies are not subject to the Affordable Care Act, so medical underwriting applies and you can be denied a policy if you don’t qualify.
Examples of Special Enrollment Situations
• Losing other health coverage (for example due to a job loss, divorce, loss of eligibility for Medicaid or CHIP, expiration of COBRA coverage, or a health plan being decertified). Note: Voluntarily quitting other health coverage or being terminated for not paying your premiums are not considered loss of coverage. Losing coverage that is not minimum essential coverage is also not considered loss of coverage.
• Change in marital status
• Change in dependent status (adoption, birth, etc.)
• Permanently moving to a new area that offers different health plan options
• For people already enrolled in Marketplace coverage, having a change in income or household status that affects eligibility for tax credits or cost-sharing reductions
Most special enrollment periods last 60 days from the date of the qualifying life event. Job-based plans generally allow special enrollment periods of 30 days.
What About Dental & Vision Insurance Coverage?
Some companies may also make dental & vision insurance available throughout the year. One of our companies, Medical Mutual, is doing just that. You can apply for a dental or vision plan (or both), with the effective date being determined by date of receipt of application. Note: since premiums for dental and vision insurance are relatively small, they are requiring the a full year of premium with the application. I imagine other companies are following a similar procedure.
If you don’t qualify under any of the options outlined above, the likelihood is great that Ohio health insurance is NOT available to you.
What to Do Next if you qualify for options after Obamacare Open Enrollment Ends
If you DO qualify under any of the options outlined above, and would like to work with a Federally certified and experienced health insurance agent for Ohio health insurance, please contact me via my agency, Alan Galvez Insurance, or request your quote via the agency website.