Latest updates on the ACA & Your Health Insurance Options

Buying & Renewing Health Insurance Coverage

Open enrollment to buy health insurance coverage through your State Health Insurance Marketplace closed on February 15, 2015.

However, many people are unaware that they will have to pay a penalty on their taxes if they do not have health insurance coverage. So, in order to help uninsured people avoid a penalty, www.HealthCare.gov will reopen again from March 15, 2015, to April 30, 2015 for those who learn that they will have to pay a penalty for not having coverage in 2014 and who want to buy coverage for 2015. This is only available in states where the federal government runs their State Marketplace.

In addition, a number of state run Marketplaces are extending the open enrollment period. Minnesota's MNSure will offer a special enrollment period only for people who owe a penalty from March 1, 2015, to April 30, 2015. Vermont Health Connect is available through May 31 for those who have to pay a penalty, and Washingtonreopened sign-ups for this group from February 17, 2015 to April 17, 2015.

California also announced a special enrollment period from February 23, 2015, to April 30, 2015, for those who need to pay a penalty.New York will accept new enrollees for those subject to a penalty from March 1, 2015, to April 30, 2015.

Open enrollment for 2016 health insurance won’t open until this fall. Final dates have not been announced, so stay tuned!

ACA Case at the Supreme Court

Some of you may have heard that the Supreme Court is currently hearing a case about the ACA, called King v. Burwell. The case has been filed by some who believe that financial assistance to help people buy coverage should not be available to anyone who buys their coverage through their State Marketplace, if that Marketplace is currently being run by the federal government. If the Supreme Court agrees, then only people who live in states that run their own State Marketplaces will be eligible for financial assistance to buy health insurance coverage.

Only 14 states currently run their own State Health Insurance Marketplaces: CA, CO, CT, DC, HI, ID, KY, MA, MD, MN, NY, RI, VT, and WA.

A decision from the Supreme Court on this case is expected by June 2015.

Watch this video for more information: http://www.msn.com/en-us/news/other/the-two-americas-of-health-care/vi-BBhWF6j.

For more information about health insurance, register for Triage Cancer’s free webinar on March 18, 2015.  Register here.

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