Before getting into the details of the impending deadline, there are some individuals who have more leniency in sign-up times because of major life changes. See a few of the events below.
Qualifying Life Event
Some people qualify for a Special Enrollment Period if they have a Qualifying Life Event like the ones listed below:
- If you have a baby, adopt a child, or place a child for foster care
- If you get married
- If you lose health coverage
- If you move to a new state, county or ZIP code
The above events can either extend your grace period or allow you to receive coverage sooner. For a complete list of all Qualifying Life Events, visit the healthcare.gov website.
As a business owner, you are required to provide your employees with ACA qualifying health insurance. Read more about the requirements set out for the type of group insurance for employers and the potential penalties you face for not offering it.
Seniors who have just received their Medicare card in the mail may already be shopping for Arizona Medicare supplemental insurance. Most people are eligible to enroll in Medicare Parts A and B on the first day of the month of their 65th birthday, but most seniors will be in the market for a more comprehensive healthcare plan. Learn about how to apply as well as the different kinds of medicare here.
What about Trump?
Many people are curious what will happen to the Affordable Care Act under Trump's administration. This issue is still very much up in the air. It is predicted that any efforts to repeal the act will take at least 2 years regardless. Until any major changes are enacted, it is best to continue to safeguard yourself against penalties as well as the risks of going without health insurance.