The March 31 enrollment deadline for obtaining a private health insurance plan is now only a few weeks away! That means if you wish to purchase a subsidized health insurance policy and avoid any penalties, you should make sure you obtain health insurance as soon as possible.
There is a hotline set up (1-800-318-2596) for applicants who have questions about the process as well as providing a number of details on the https://www.healthcare.gov/ website. The website also provides a simple state selector so you can visit the insurance marketplace in your state: https://www.healthcare.gov/marketplace/b/welcome/.
Most states have launched advertising campaigns to urge people to enrol for health insurance now and obtain those cheaper plans. Subsidies are available for people earning between 100% and 400% of the poverty rate – the exact figure depends upon your state and selected insurance plan.
If you are having issues understanding the insurance requirements, any medical facility will be able to point you in the direct of a local insurance broker or “insurance navigator” who is a trained social worker.
After March 31, applicants for a private policy must wait until Oct. 1, the start of the enrollment window for 2015 coverage. People on Medicaid do not face a deadline and can apply at any time.
Recent figures have seen health insurance application rates explode, with thousands of people rushing to enroll before the cutoff date. So far 4.2 million people have enrolled across the country via government portals, with 1.14 million of those happening in January and 0.94 million in February. Between October 2013 and the start of March this year, over 430’000 people enrolled in Washington. In Idaho over 40’000 people have used the state website to purchase health insurance, a good figure given their lower population and pre-existing insurance levels.
Nearly 300’000 Texans have bough insurance on the marketplace since October 1, a rate lower than expected. The state has one of the lowest insurance rates in the country and a state senator who is strongly against the healthcare plan from Barack Obama.