There Is A Deadline For The Affordable Care Act?
Have you heard? The health insurance deadline is March 31, 2014; that is 27 days away.
Everyone keeps talking about this deadline, and frankly, we’ve heard of a lot of different deadlines since the Affordable Care Act became real to many Americans last October. What makes this deadline different?
Well, the March 31, 2014 deadline is the date when open enrollment ends. It is the deadline. It is the last day you can purchase health insurance without a “qualifying life circumstance” such as marriage or birth.
If you do not have health coverage by March 31 it will affect you in several ways:
1. You will be unable to purchase health insurance until the next open enrollment period (October 15, 2014 – December 7, 2014)
2. You will not have had health insurance for at least 9 months during 2014, meaning that when you file your taxes in 2015 you will have to pay a financial penalty for not having insurance.
3. You may not have health coverage in 2014 and will be financially responsible for any medical needs or emergencies you may have
So, the March 31 deadline is kind of a big deal. However, that is 27 days away; though 27 days isn’t a lot of time, when having to make a big decision such as choosing your health insurance company. This will be the health insurance company you will have for all of 2014. You’ll want to consider not only your premiums, doctors, hospitals, prescription drug coverage, and of course your monthly premium.
Richland Library has you covered. We have Certified Navigators at our Main branch every week day as well as an in house expert to help you with any questions you have during the next 27 days.