Why You Need to Signup for Health Insurance – End of OEP
It’s that time. The end of the open enrollment period is here. If you want to be covered from January 1, 2017 – then you need to take action. Now! While you need to have a sense of urgency, don’t worry. We have you covered with all the information you need to know about enrolling for insurance coverage in 2017.
First and foremost, you need to pay close attention to a few important dates on the calendar. Luckily, there are only a few days that require your attention, including:
November 1, 2016: This was the first day of open enrollment through the marketplace. On November 1 and after that, you can enroll, change, and re-enroll your insurance coverage through the Health Insurance Marketplace. Coverage can begin on January 1, 2017.
December 15, 2016: This is the final day to enroll, re-enroll, or change plans through the Health Insurance Marketplace. If you don’t enroll by then, you may miss out on coverage from January 1, 2017.
January 1, 2017: The first day for health coverage in 2017 – if you enrolled or changed plans before the December 15 deadline.
January 31, 2017: This is the absolute final day to enroll or change your 2017 health insurance coverage through the marketplace. After this date, you cannot make a change unless you qualify for a Special Enrollment Period – which only occurs in certain circumstances.
Information About Buying Health Insurance
While the dates above are essential to signing up for health insurance through the Health Insurance Marketplace, there’s some other information you’ll need to understand if you want to find the perfect coverage for you.
Here are a few tips to ensure enrollment goes smoothly:Applying & Options
You can apply for coverage in a number of ways. Applying online is typically the easiest, but you can also apply through:
Based On Your Income
When you buy insurance through the marketplace, you only pay based on your income. This means savings for many. The vast majority of individuals using the market for the first time, save money compared to the past when signing up for coverage.
Fines Await You
If you don’t have health insurance, you could get fined – heavily. Don’t risk it! Fines are a minimum of $695 per adult and $347.50 per child, and go up depending on household income.
Don’t Wait Until It’s Too Late
Protect your family. Get health insurance coverage for 2017. Buy health insurance today and avoid any gaps in coverage as the New Year approaches. Use the open enrollment period to your advantage!