As the year comes to a close, many people find themselves doing some hardcore spending. As we get closer to the end of the year, we notice that we are spending increased money on food for the holiday occasions, we are spending money on gifts and presents, and we spending money on last-minute vacations before the New Year. While we may soon find people lined up in front of their favorite store for Black Friday sales, stores aren’t the only places that are expecting long lines.
It’s that season again, and while it might be the season that Holiday specials are already playing on cable television, its also the season for Open Enrollment for the Affordable Care Act, also known as Obamacare. The Affordable Care Act, originally signed into law by former President Barack Obama in March of 2010, has three primary goals. The first goal is to make health care affordable and available to more people. To achieve the first goal, the law provides the consumers with subsidies that will help reduce the costs for health care for households that have incomes between 100% and 400% of the federal poverty level. The second goal of Obamacare is to expand the Medicaid program to grant coverage to all adults below 138% of the federal poverty level. The last goal is to support innovative medical care delivery methods, which is designed to help lower the costs of health care generally.
Open enrollment for Obamacare is just days away. Open enrollment is a brief period in which a person may choose to enroll in or change the selection of their health insurance plan or similar benefit program that is usually subject to restrictions. Open enrollment for the 2019 year starts on November 1 and runs until December 15th. If you can’t make the December 15th deadline, you can only enroll in a health insurance plan only if you qualify for a Special Enrollment Period. Eligibility for the Special Enrollment Period usually is only granted to certain life events, such as marriage, having a baby, or if you are losing other health coverage. If you have a job-based insurance plan, you may have different open enrollment periods. Also, you can apply and enroll in Medicaid or the Children’s Health Insurance Program at any time of the year.
Since you are on a limited time, the earlier you look at getting your Obamacare coverage the better. If you have questions on health care or Obamacare, or you are ready to lock in your health insurance plan during Open Enrollment, then Simerly-Ayers is here to get you covered. See how you can lock in a great health insurance plan with a great rate by calling Simerly-Ayers at (850) 244-3472.