Affordable Care Act insurance deadlines
Katie Carpenter | 02.12.14
The Affordable Care Act requires nearly all Americans to have health insurance in 2014 or pay a penalty. But, according to a recent poll, eight in ten uninsured adults don’t know when they need to sign up for insurance in order to avoid the fine.
Here’s what you need to know:
You’ll need to enroll by March 31 if you want coverage in 2014 and want to avoid paying a penalty. If you miss that deadline, you’ll have to wait until the next open enrollment period to apply, which begins on Nov 15th
You can only apply outside of open enrollment if you have what’s called a "qualifying life event" - like a job loss, marriage or a new baby.
If you’re uninsured after March 31st , the penalty is $95 or 1 percent of your income, whichever is higher, which you’ll pay when you file your 2014 taxes in April 2015.
The deadline’s approaching So, don’t delay. Learn more about the approaching deadline in the video below.
Learn more about how you can make the most of your new health plan in our new Getting Covered: The Affordable Care Act guide. This multimedia guide is designed to help individuals as well as small business employers in Pennsylvania understand changes under the Affordable Care Act and assess healthcare needs before shopping, explore health plans and learn how to access them.
Tagged under Affordable Care Act