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

Recent Posts

Business2 months ago

Business Tips For Protecting Your Finances During A Recession

In 2023, taking the necessary steps to protect your finances for your business is now more important than ever. The...

Lifestyle3 months ago

Tips For Cleaning Your Trainers

If you’re into your trainers and streetwear, you’re likely to be very conscious of keeping them looking their best! So,...

Marketing3 months ago

Branding Trends For Start-Ups in 2023

Branding is incredibly important as it impacts how your business reaches and connects with its target market. If you’re branding...

Business3 months ago

Avoiding the Wrong Kind of Growth

Growth is vital for any business – some models, like tech start-ups, are built around periods of dramatic, explosive growth...

Business3 months ago

How To Become A Property Developer

There are several reasons why an individual will want to become a property developer. One of the main reasons for...

Tech6 months ago

What Is The Difference Between Cyber Attacks and Cyber Threats?

If you own a business that uses the cloud to manage workloads, you have probably heard of the terms cyberattack...

Marketing6 months ago

3 Types of Marketing Every Small Construction Business Should Do

Construction is a very saturated sector, whether you’re a large or small construction company, so marketing should be at the...

Business7 months ago

How Relevant Life Insurance Plans Can Future-Proof Your Business

Last year, UK inflation reached the highest level that it had been for decades. The markets became unsteady and nervous...

Autos7 months ago

In a Car Accident? Here’s How to Find a Great Lawyer

If you’ve recently been in a car accident, you know that it can be an overwhelming experience. Not only do...

Education7 months ago

Considering Therapy? Here’s a Few Common Therapy Techniques Explained

If you’re considering therapy as a means to improve your mental health, you may be curious about the type of...

home repairs home repairs
Home Improvement7 months ago

Top 5 Home Repairs You Should Never DIY

DIY home repairs are all the rage these days. But before you jump on the bandwagon, there are some things...

Health7 months ago

The Power of CBD Oil for Relaxation: How to Use it for Sleep and Stress Relief

If you’re struggling to get a good night’s sleep or feeling stressed, try CBD oil. CBD oil has a moment...

General7 months ago

Benefits of Getting your Mobile Phone Repair

Mobile phone repair is a task that needs high skills and experience. That is why we always recommend users trust...

Home Improvement7 months ago

Great Ways To Clean To Get Your Security Deposit Back In Full

Moving is almost always stressful as there are tons of things to plan and do. Getting your security deposit back...

Home Improvement7 months ago

DIY Garage Door Repair: Tips and Tricks for Fixing Common Problems and Maintaining Your System

If your garage door needs to be fixed, wait to call a repairer. Many common problems can be fixed quickly...

Categories

Archives

Trending