Connect with us

Politics

Obamacare Changes You Should Know About

Obamacare Changes You Should Know About

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.

Obamacare Changes You Should Know About

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?

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Home Improvement22 hours ago

Maximum Power: Update Your Old House for Modern Electrical Needs

An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...

Key Techniques To Learn On A First Aid Course Key Techniques To Learn On A First Aid Course
Health1 week ago

Key Techniques To Learn On A First Aid Course

Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....

Best Tips For Managing Your Building and Construction Projects Best Tips For Managing Your Building and Construction Projects
General2 weeks ago

Best Tips For Managing Your Building and Construction Projects

Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...

How To Choose The Best Locksmith For The Job How To Choose The Best Locksmith For The Job
Home Improvement2 weeks ago

How To Choose The Best Locksmith For The Job

The existence of a locksmith is very crucial for society because they help out countless people on a daily basis....

5 Modern Conservatory Ideas To Create A Serene Escape 5 Modern Conservatory Ideas To Create A Serene Escape
General4 weeks ago

5 Modern Conservatory Ideas To Create A Serene Escape

Having a serene and relaxing conservatory is the dream, especially in the summer months. Creating an extension of your home...

4 Different Types Of Lifting Equipment For A Construction Site 4 Different Types Of Lifting Equipment For A Construction Site
Business4 weeks ago

4 Different Types Of Lifting Equipment For A Construction Site

One of the biggest challenges on a construction site is the problem of lifting heavy materials and tools to a...

5 Tips That Can Help Your Business Flourish 5 Tips That Can Help Your Business Flourish
Business4 weeks ago

5 Tips That Can Help Your Business Flourish

Many, both small and big, businesses were affected by the outbreak of the novel coronavirus, no one was spared. Overnight,...

Why First Aid Training Is Essential For Your Business Why First Aid Training Is Essential For Your Business
Education4 weeks ago

Why First Aid Training Is Essential For Your Business

Introduction All employers, depending on the establishment, should organize and provide basic appropriate conditions for lunch breaks as well as...

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family
Lifestyle1 month ago

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family

If you are in the market for health insurance, you may be overwhelmed by the many different features and the...

How to Prevent Potential Hazards In A Lab How to Prevent Potential Hazards In A Lab
General1 month ago

How to Prevent Potential Hazards In A Lab

Unfortunately, lab accidents can happen. When they do, the consequences can be very serious. Some of the most common lab...

How to Extend Your UK Spouse Visa How to Extend Your UK Spouse Visa
Travel2 months ago

How to Extend Your UK Spouse Visa

The UK spouse visa is also known as a UK marriage visa. The UK spouse visa allows married partners of...

How Best Is Automation Helping The Retail Industry to Survive? How Best Is Automation Helping The Retail Industry to Survive?
Business2 months ago

How Best Is Automation Helping The Retail Industry to Survive?

“In the post Covid-19 world, the only place cos are willing to invest is in automation. The return on investment...

Best Artificial Intelligence Trends to Watch Out In 2021 Best Artificial Intelligence Trends to Watch Out In 2021
Tech2 months ago

Best Artificial Intelligence Trends to Watch Out In 2021

Technologies are getting advanced day by day, and according to that, the developers and the mobile app development companies should...

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm
Markets & Finance2 months ago

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm

Many people all over the world have compared the cryptocurrency market to the wild West, largely because of the fact...

Which VPN Is Best For The Windows 10? Which VPN Is Best For The Windows 10?
Tech2 months ago

Which VPN Is Best For The Windows 10?

VPN is necessary whether you are doing personal or professional activities. Fully secure VPN for the Windows 10 are hard...

Categories

Archives

Trending