If you are like the many individuals who were not fully prepared to enroll during the first Obamacare open enrollment period, it is time to start preparing for the second open enrollment period! Many Americans were unable to enroll due to website malfunctions and inability to collect the necessary documents in a timely manner. The website is ready for increased traffic for the second Obamacare open enrollment period, are you?
The second Obamacare enrollment period starts on November 15, 2014 and ends on February 15, 2015. During this time, you are required to obtain health insurance if you want to avoid paying the penalty. If you miss this period, you will be forced to pay the penalty for each month that you are not covered, which will be until the third open enrollment period. The only way Americans can enroll for health insurance outside of the open enrollment period is if they qualify for the special enrollment period.
Qualifying events for the special enrollment period include marriage, divorce, birth of a child, adoption of a child, residence move, change in citizenship status, being released from incarceration, drop in health coverage, change in income status, and some other unique qualifying circumstances. If you do not experience any of these qualifying circumstances, you will be left with a hefty penalty.
To ensure that you are ready for the second open enrollment period, we suggest that you gather all vital documents including proof of citizenship, proof of income, birth records, and more. Obamacare was put in place to create affordable health care for Americans, not to scare you.
We understand how complicated new rules and regulations under the Affordable Care Act can be, which is why our experienced agents are available to guide you through each step of the process. Contact Young Insurance Agency in Burbank for all of your California health insurance needs.