Last Call for Obamacare for January 2015 Insurance

Last call. If you need healthcare coverage in 2015, don’t wait.  You can sign up by December 15 under the Affordable Care Act and get the insurance that will go into effect in January 2015.

If you signed up for insurance under the Affordable Care Act (ACA), or Obamacare, you must re-enroll. You can re-up with your current insurer or change companies.

If you didn’t sign up, you’re running out of time to do it now. The Healthcare.gov website provides clearer information than it did this time last year.

If you don’t get coverage in 2015, you’ll pay a penalty of either 2% of your income, or $325 per adult and $162.50 per child

IMPORTANT DATES

December 15, 2014 — The last date to enroll for coverage that starts January 1, 2015.

December 31, 2014 —  All 2014 Marketplace coverage ends, no matter when you enrolled.

January 1, 2015 — 2015 coverage can start if you apply by December 15, 2014, or if you accept automatic enrollment in your 2014 plan or a similar plan.

February 15, 2015 — The last day to enroll in 2015 coverage. If you miss this deadline, you can’t sign up for a health plan inside or outside the Marketplace for the rest of 2015. The only exception is if you qualify for a Special Enrollment Period.

Most people who apply qualify for tax rebates and that lowers the cost of insurance. Insurance plans vary in price and what they offer, but they all provide basic healthcare benefits. They cover pre-existing conditions and include insurance for preventive care.

If you find yourself confused by the rules, there are not-for-profit groups that offer assistance. The Healthcare.gov website provides explanations for practically every question you might want to ask.

We want to report about your experience with insurers. Please comment and let us know what’s happening.

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Barbara Nevins Taylor

As the winner of 22 Emmy Awards and a slew of journalism honors and awards, I created ConsumerMojo.com to give you the straight story about complicated stuff. Tell us what you want to know and we'll get you the answers.