Open enrollment for individual health insurance is between November 15^th and February 15^th of each year.  If one of these “Qualifying Life Events” occurs between February 16^th and November 14^th, you or your dependent(s) will be eligible to enroll in a health plan, with your effective date no more than 60 days from the termination date of your previous plan.  This means if you wait until the 59^th day to enroll after your previous policy has terminated, your enrollment date can be backdated with premium to the day after termination due to the life event.

Qualifying Life Events

• I gained a dependent due to marriage.
• I gained a dependent due to birth, adoption, or placement for adoption.
• I am no longer eligible as a dependent under my prior health insurance due to reaching the maximum age, legal separation, divorce or death of policyholder.
• I am no longer eligible for my prior health insurance plan due to termination of employment, reduction in number of hours of employment, loss of employer contribution toward my premiums, or I have exhausted my COBRA benefits.
• I gained access to new health plan option because of a permanent move.
• I am newly ineligible for payments of the advance premium tax credit.
• I am no longer residing or living in my prior health insurance plan’s HMO service area.
• I have adequately demonstrated that my previous health plan or issuer substantially violated a material provision of its contract with me.
• I and/or my dependent(s) lost minimum essential coverage (Due to reasons other than non-payment of premiums or rescission.
•  Other qualifying events (as required or permitted by applicable laws).

 

Premium Credit Table 2014/2015 Enrollment

Under the Affordable Care Act, you may be able to get help paying for your monthly premium depending on your family size and income.  The amount of premium credit will depend on your family size and family income.  If your family makes less than the yearly income below, you may qualify.

This chart is used for estimating purposes only.

2014/2015 – Medicaid Kicks in at 138% BELOW the Federal Poverty Level (FPL)

Household Size	100%	138%	150%	200%	300%	400%
1	$11,670	$16,105	$17,505	$23,340	$35,010	$46,680
2	15,730	21,707	23,595	31,460	47,190	62,920
3	19,790	27,310	29,685	39,580	59,370	79,160
4	23,850	32,913	35,775	47,700	71,550	95,400
5	27,910	38,516	41,865	55,820	83,730	111,640
6	31,970	44,119	47,955	63,940	95,910	127,880
7	36,030	49,721	54,045	72,060	108,090	144,120
8	40,090	55,324	60,135	80,180	120,270	160,360
For each additional person, add	$4,060	$5,602	$6,090	$8120	$12,180	$16,240

Coverage Limits of the ACA

The Out Of Pocket (OOP) Maximum which includes the deductible for an individual is $6600 and for a family is $13,200.  All co-payments such as doctor’s office visits now go toward the OOP.

During the 2014/2015 enrollment, the maximum allowable payments to a HSA are $3350 for an individual and $6650 for a family.

The Ten Essential Health Benefits (EHBs) of the ACA

• Hospitalization
• Prescription Drugs
• Emergency Services
• Laboratory Services
• Ambulatory Patient Services
• Maternity and Newborn Care
• Pediatric Dental and Vision Care
• Rehab and Facilitative Services & Devices
• Preventative, Wellness & Chronic Disease Management
•  Mental Health, Substance Abuse and Behavioral Health Treatment

Other Mandates of the ACA

• No annual or lifetime dollar limits on EHBs.
• Adult children may remain on a parents plan until age 26.
• Plans obtained before March 23^rd, 2010 may be “Grandfathered Plans”. 

Excluded Benefits

• Non-pediatric dental services.
• Routine non-pediatric eye exam services.
• Long term custodial nursing home care.
• Non-medically necessary orthodontia.
• A plan is NOT required to cover abortion services.