National Healthcare open enrollment is here

National Healthcare open enrollment is here

10:23 18 November in Insurance, Personal

For those wishing to sign up for healthcare coverage through the Patient Protection and Affordable Care Act, more commonly referred to as Obamacare, the open enrollment period began November 15 and ends February 15.

If you are currently enrolled in a 2014 Marketplace plan, your benefit year ends December 31st. You will need to renew your healthcare plan or choose a new one during this open enrollment period.

To view plans available to you, visit https://www.healthcare.gov/see-plans and enter your location, along with some biographical information. The site will give you a variety of plans at different prices, offering an array of coverage options. There will be a number of different savings options, as well, based on your income. A chart of the available savings options can be found at https://www.healthcare.gov/lower-costs/qualifying-for-lower-costs.

Healthcare coverage is mandatory. Those who choose not to enroll in a plan must pay a fee. The fee in 2015 is 2 percent of your income or $325 per adult ($162.50 per child), whichever is more. To enroll in a Marketplace plan after the enrollment period ends, you must qualify for a special enrollment period. Find out more about the special enrollment period at healthcare.gov.

Small business owners can find out more about their National Healthcare options at https://www.healthcare.gov/small-businesses/provide-shop-coverage.