Heads Up on Health Care
by Bob Williams
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We won’t take a lot of your time, but there’s a reminder we need to give you – just in case it slips by unnoticed. Consider it our version of the sticky note on your refrigerator door.
It’s about health insurance. The reminder isn’t about reporting your coverage – it’s about getting it.
The national Open Enrollment Period for health insurance starts on Nov. 1, and runs until Jan. 31, 2016. Simple enough, right?
Just remember – and here’s where that sticky-note thing comes in – if you want your health coverage to start by January 1, 2016, you must be enrolled in a qualified insurance plan no later than Dec. 15, 2015.
To have coverage starting on Feb. 1, 2016, you must be enrolled no later than Jan. 15, 2016.
And if you get coverage between Jan. 15 and Jan. 31, 2016 your policy won’t start until March 1 of next year – and that could mean a partial penalty come tax time the following year.
Our recommendation: If you’re rolling over coverage from this year to next, no problem. But if you’re acquiring health coverage for the first time, don’t let the enrollment period pass you by.
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