There’s a lot of confusion circulating about the Affordable Care Act, otherwise known as Obamacare. While there are a lot of dates and figures to understand, it’s important to realize that several of the original deadlines have been modified and changed. Here are a few things you should know.
The January 1st Deadline was December 24th
Everyone keeps saying the deadline for coverage was December 23rd, then December 24th. This isn’t an entirely accurate statement. The deadline to have coverage put into place by January 1st, 2014 was December 24th, 2013. Open enrollment continues through March and you can still get coverage effective February onward, depending on the date of your enrollment and payment.
January Payments Have Been Extended
You may need to check with your individual insurance provider, but many insurance companies are offering coverage effective January 1st while giving customers until mid-January to pay. This is because there was a rather lengthy delay between enrollment and the transmission of information from healthcare.gov to the insurance companies. I enrolled in a plan in early December and was told on December 26th that my invoice had just generated on December 24th. I was told I would have coverage effective January 1st as long as my bill was paid.
No Penalties for Later Enrollment
Originally, you had to have coverage by March 1st in order to avoid a penalty for late enrollment (or lack of enrollment). The White House extended the open enrollment period to March 31st, 2014, creating confusion. It has since been clarified that anyone enrolling early enough to have coverage go into effect by April 1st will do so without an additional penalty. This is a one-time exception and you will not have to file any sort of paperwork to receive it.
You Can Keep Your Old Policy
Sort of, but not really. Originally, President Obama had told the public that they could keep their individual and small business insurance plans if they liked them. But some of those plans didn’t meet the minimum requirements set forth by the healthcare laws. Instead of changing the policies, the insurance companies issued cancellations. The backlash was huge, and Obama issued an extension stating that the public could keep their policies, renewing them through October 1st, 2014 (allowing coverage plans to go into 2015). The problem? Even though these insurance companies can go back on their cancellation notices, some are opting not to. This means you’re still stuck without coverage and have to find a new plan.
The Obamacare laws are, I think, for the good. But it’s just like any new system. There are tons and tons of bugs that need to be worked out and the naysayers happen to be yelling louder than those who are benefiting. What experiences have you had with the new healthcare regulations?
PS5: Everything You Need To Know About Sony’s Next Gaming Console
When it comes to next-generation gaming, we might think about upcoming consoles like PS5, Xbox series X, etc. As the...
How To Find Your Dream Job?
Many people looking for their dream job don’t even know what they aspire to. Therefore, it makes sense to first...
The Benefits Of Running A Sustainable Business That Supports A Charity
Running a sustainable business is quite a responsible decision. These days, it’s an even more popular choice to have such...
Marketing Case Study: How FindNerd Achieved Success
Project Introduction FindNerd, a phenomenal online project management tool and a collaborative technical, social platform for all technocrats were launched...
10 US Business Directories For Local Listings
Business listing sites are considered as a source of traffic and trust among business owners. Every small business striving to...
The Embroidery Toolkit
Embroidery is one of the most popular crafting hobbies, perhaps because the same tools and skills can be used to...
Feeling Run Down?
We’re currently living through a difficult time for the world. Many of us are forced to remain indoors, working from...
Basic Reasons Graphic Design Boost Your Marketing Strategy
It is said that man is a visual creature who likes to identify things based on their image. The human...
Novak Djokovic takes part in the 'All In Challenge' to help fight hunger
As most of the countries worldwide have hit lockdown, people have been dwelling on several means to keep themselves busy...
How Suspension in your Automobile will Improve your Travel
Many people often think of speed, the roar, and the engine when choosing the car they want. Often people do...
How Can Product Owner Develop Stakeholder Management Strategy?
All the organizations require a proper stakeholder management-based strategy so that the goals of the organization can be achieved most...
How To Display A Live Facebook Feed To Your WordPress Website
Around 22% of the global population uses Facebook. Such a large number of user-base suggests that Facebook truly has the...
5 Criteria of the Best WordPress Hosting to Know Before Buying
The best WordPress hosting, how to choose it? For many bloggers and website owners, there must be a question that...
Agile BI – All You Would Like To Know
The name says it all. As we talk about one of the most revolutionary approaches in the world of business...
8 Best Ways to Save Money When Shopping
If you want to save money when grocery shopping or each time you make a purchase, then you have to...
- Tech5 years ago
Creating An e-Commerce Website
- Tech5 years ago
Design Template Guidelines For Mobile Apps
- Business4 years ago
The Key Types Of Brochure Printing Services
- Travel8 years ago
Who Else Wants Also Nfl Hat
- General5 years ago
Kobe Bryant With His Unique Nba Jerseys
- Tech5 years ago
Climb Google Using These Checklists
- Tech6 years ago
Why Small Businesses Can't Ignore Mobile Technology
- Health6 years ago
Health Supplements For Sports Activities Nutrition