Tag Archives: special enrollment period

April 30 2015 Special Tax Enrollment Deadline

April 30 Deadline Montgomery Tx Special Tax Enrollment

April 30th is the Deadline if you need health insurance coverage in Montgomery Texas.  This deadline is because of a Special Tax Enrollment Period Extension for Coverage by CMS and IRS.

CMS announced that Eligible consumers have until April 30 to enroll in coverage, using this special enrollment period (SEP).  This special tax enrollment period is designed to allow  those individuals and families who were unaware or didn’t understand the implications of this new requirement the opportunity to get covered for the remainder of the year and avoid additional fees for 2015.

For those people who are eligible, CMS will provide consumers with an opportunity to purchase health insurance coverage from March 15 to April 30. If consumers do not purchase coverage for 2015 during this special tax enrollment period, they may have to pay a fee when they file their 2015 income taxes.

Those eligible for this special tax enrollment period live in states with a Federally-facilitated Marketplace and:

  • Currently are not enrolled in coverage through the FFM for 2015
  • Attest that when they filed their 2014 tax return they paid the fee for not having health coverage in 2014, and
  • Attest that they first became aware of, or understood the implications of, the Shared Responsibility Payment after the end of open enrollment (February 15, 2015) in connection with preparing their 2014 taxes.

The special tax enrollment period will begin on March 15, 2015 and end at 11:59 pm E.S.T. on April 30, 2015. If a consumer enrolls in coverage before the 15th of the month, coverage will be effective on the first day of the following month.

This year’s tax season is the first time individuals and families will be asked to provide basic information regarding their health coverage on their tax returns. Individuals who could not afford coverage or met other conditions may be eligible to receive an exemption for 2014.

Most taxpayers,  will only need to check a box when they file their taxes to indicate that they had health coverage in 2014 through their employer.  Other forms of “minimum essential coverage” are Medicare, Medicaid, veterans care or other qualified health coverage like individual coverage.  About one-quarter of the taxpayers or 10% – 20% will take different steps. It is expected that those taxpayers were uninsured for all or part of 2014 and will qualify for an exemption from the requirement to have coverage.   A small fraction, CMS estimates 2% – 4% of those will pay a fee because they made a choice to not obtain coverage and are not eligible for an exemption.

If you do not qualify for an exemption, but went without coverage for 2014 click here to see what your estimated fee would be.

If you need coverage and you are not in Montgomery Texas  click here.

EV-D68 VIRUS

Rare Children’s Respiratory Virus

We received a call this week from a mom that was concerned about her child being uninsured. She had been seeing the recent news reports about the EV-D68 virus that has recently affected thousands of children across several US states. It is a rare and non-treatable virus that has resulted in hundreds of hospital stays, ER visits, and ICU confinements. While her child did not qualify for a Special Enrollment Period, we were able to assist her in getting the child covered on a Short Term insurance policy that started the next day. While Short Term insurance doesn’t cover pre-existing conditions, or avoid the ACA tax penalty, it does provide coverage for a new diagnosis during the term of coverage. While having health insurance doesn’t keep your child from getting sick, it does provide peace of mind in knowing that you won’t be stuck with tens of thousands of dollars in medical bills. If you or someone you know needs coverage, call 877-740-8683, to see if you qualify for a Special Enrollment Period, or Short Term coverage. This is also a good time to remind everyone to get their flu shot early this year. Flu shots are covered as preventive care at no out of pocket expense under most new ACA health insurance.

Short Term and Travel Insurance for Summer

Summer is coming, and you may need Short Term or Travel Insurance. Many people aren’t aware that they very limited ,or often no benefits, under their Individual or Group Health Insurance if they travel outside the US. We offer many affordable options that cover medical treatment, with additional features like emergency medical evacuation, political evacuation, and extreme sports. We have also recently helped several families that needed Short Term Insurance in the US. This has happened when children had to have proof of Insurance for things like Summer Camp. While the children didn’t qualify for a Special Enrollment Period for traditional Health Insurance, they were able to get the Short Term proof of coverage as soon as the next day, and that was enough to get them into camp. If you or someone you know may need Short Term or Travel Insurance this Summer, just call 877-740-8683, or visit www.freedomfreequote.com , to get a free quote today.

Plan Renewal Special Enrollment Period

While the Open Enrollment for Health Insurance has ended for 2014, there are still situations where an person can qualify for a Special Enrollment Period. If you have an Individual Health Insurance Policy that has a non-calendar year Renewal this year, you may qualify for a Special Enrollment Period, or SEP. This could occur if you have a Grandfathered or non-Grandfathered transitional policy. If you receive a renewal notice from your Insurer, please give us a call at 877-740-8683, to discuss your options and find out if it is in your best interest to shop for a new policy. This SEP is in addition to the COBRA Special Enrollment Period , relating to Group Health Insurance, that will last until July 1st. There are also the regular Qualifying Life Events that will trigger an SEP. The Qualifying Life Events, or QLE’s, can include such things as gaining a dependent, through birth, marriage or adoption. If you lose Minimum Essential Coverage, through no fault of your own, this can also qualify for an SEP. This could result from a loss of a job, reduction in hours, divorce, or a permanent move. There are complex deadlines surrounding the triggering events. While most SEP’s have a 60 day day window, there are some with only 30 days. If you thing you might qualify for an SEP, please call 877-740-8683, or visit www.healthreformenrollmentcenter.com , to speak to a licensed Insurance Agent for a person evaluation of your situation. If you can’t qualify for an SEP, there are still options available for Short Term Insurance, and the 2015 Open Enrollment will start November 15th.

COBRA Special Enrollment Period

The Department of Health and Human Services recently announced a one time Special Enrollment Period for anyone who has COBRA continuation from Group coverage. This will allow anyone currently on COBRA to enroll in a new ACA plan until July 1st. The normal rules of only being able to enroll in a Marketplace plan when first eligible due to loss of coverage, or when COBRA was exhausted(or during the Open Enrollment), are suspended for this time period. The decision was made because many people were unaware that would no longer be able to leave COBRA coverage during the year, and enroll in an Individual policy. Prior to 2014, people used to be able to purchase Individual coverage at any time during the year, so they could leave COBRA at any time. Under the Affordable Care Act, people are no longer able to purchase Individual coverage during the year, unless they have a Special Enrollment Period. Since COBRA coverage is often very expensive, it always worthwhile to compare Individual Health Insurance prices, especially if you might qualify for a subsidy. Please give us a call at 877-740-8683, to find out if you qualify for a Special Enrollment Period.