Review of 2015 Obamacare Open Enrollment: Benefits, Health Insurance Plans



The new healthcare law, also known as Obamacare, is a stepping stone to getting everyone in the United States healthcare. However, there are some negatives to go along with the positives with this plan. Below is an overview of the plan and details for signing up for next year’s healthcare.

Some positives of the healthcare law includes:
– Insurance companies are required to cover people who have pre-existing health conditions, as well as holding these companies accountable for any rate increase.
– It is illegal for insurance companies to cancel your insurance just because you get sick.
– Free preventive care. Things like blood pressure and cholesterol tests, vaccines, mammograms, colonoscopies, and other simple care fall under this category.
– You get to choose your doctors.
– Adults between 18 and 25 year old can join or stay on their parent’s plan, even if they are married, financially independent, attending school, or not living with parents.

However, there are negatives to this healthcare law. This includes
– A penalty is in place for people who do not have health coverage. If you do not sign up for next year’s coverage, the penalties are as followed:
– 2 percent of your income
OR
– $325 per adult/$162.50 per child
Whatever is more is the penalty applied.
– One other problem with this healthcare is businesses are reluctant to offer full-time work because if there are more than 50 employees with full-time work, they must provide this coverage. So businesses offer more part-time work to stay under 50 full-time employees and then they do not have to provide Obamacare to their employees.

Signing up for Obamacare Open enrollment for 2015 has already begun with the enrollment period beginning on November 15, 2014 and ending on February 15, 2015. You must enroll during this time frame, or else it will be extremely difficult to get coverage. You can only enroll after this time frame if you qualify for the Special Enrollment Period. Qualifications include marriage, birth or adoption of a child, or loss of health coverage elsewhere.

Whether you have 2014 health care coverage or not, everyone has the opportunity to get in the 2015 plan by February 15. However, if you want your new plan to start at the beginning of next year, you must sign up by December 15, 2014.

People who enroll between the 1st and 15th days of the month has their coverage start on the first day of the next month. Enrolling anytime after the 15th means your coverage will start on the first day of the second following month. For example, enrolling on January 18 means your coverage will begin on March 1.

You can sign up for enrollment at Healthcare.gov




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