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?
Tips On Preventing Accidents In The Workplace and Keep Your Employees Safe
Preventing accidents in the workplace is both the moral and ethical responsibility of every employer. Knowing that there’s a safety...
4 Surprising Ways SaaS Can Be A Game Changer For Small Business
The World Wide Web will never run out of tips and strategies on how to grow your business. These days,...
Understanding SaaS, PaaS, IaaS Prior to Selecting One For Your Business
Summary: Cloud Computing is rising at a faster pace, and it’s crucially important for organizations to move to the Cloud...
5 Tips to Avoid Federal Tax Penalty For Taxpayers
When you are undergoing a tax issue, then it is vital to have knowledge of what are you up against...
Hygienic Cleaning Tips Before Moving Into A New Home
Buying a new home during a pandemic is not only a financial challenge but a sanitary concern. Namely, before you...
Spy App For Android A Tool For Keeping Workplace
Dealing with routine matters has been a lot easier and stress-free thanks to modern technology. Want to order food, use...
How to Create A Backyard Zen Oasis
The lifestyle of the modern era usually depletes one’s energy by the time they get home from work. Whether or...
Mistakes You Need to Avoid When Preparing Your CV
Writing a CV can be hard. You have to somehow condense all your experience into 1 or 2 A4 pages....
Home Decor Trends For 2021: What You Can Expect
This year, the Covid pandemic has had a huge impact on many different industries and sectors and one which has...
5 Ways to Protect Your Teeth This Christmas
Christmas is just around the corner and the preparations are well underway for the festive day, even if it is...
How to Create A Referral Marketing Program In 6 Easy Steps
You may have heard of the benefits of a referral program. Besides helping you attract more traffic to your website,...
5 Important Web Design Considerations to Make For Better SEO
Ever since the birth of search engines, practices in optimising websites for better search rankings have changed considerably. Where it...
4 Reasons For Your Teeth Becoming Sensitive
Having sensitive teeth can be a common issue for many, but it can also be a sign that you have...
How To Keep Your Business Clean & Sanitised
If your business offers any kind of public-facing services, then you will likely be thinking a lot more about the...
The Impact Of Covid-19 on Commercial Property
The lives of people all over the world have been completely altered as a result of Covid-19, with businesses struggling...
- Tech6 years ago
Creating An e-Commerce Website
- Tech6 years ago
Design Template Guidelines For Mobile Apps
- Business5 years ago
The Key Types Of Brochure Printing Services
- Travel9 years ago
Who Else Wants Also Nfl Hat
- General6 years ago
Kobe Bryant With His Unique Nba Jerseys
- Tech7 years ago
Why Small Businesses Can't Ignore Mobile Technology
- Tech6 years ago
Climb Google Using These Checklists
- Health7 years ago
Health Supplements For Sports Activities Nutrition