Yes, you can live in a different state and still be covered on your parent’s health plan up until age 26. However, keep in mind most health insurance plans distinguish between in-network and out-of-network care. If you live in another state, you may not be able to easily access in-network providers for your medical care. Out-of-network care is typically much more expensive than in-network care, often with its own separate
I Missed 2013 Open Enrollment for my Employer-Sponsored Plan. Will I Pay a Penalty for Waiting Until the Plan’s 2014 Open Enrollment?
The short answer is NO. The Internal Revenue will grant an exemption for the penalty tax as long as you enroll in coverage during your employer’s 2014 open enrollment period. Since health insurance became mandatory on January 1, 2014, the penalty exemption is available for people whose employer-sponsored plan has an open enrollment window that does not align with a calendar year. The issue really came about because, for this
What are Open Enrollment Dates for 2015 Health Insurance?
Open enrollment for 2015 health insurance plans runs from November 15, 2014 through February 15, 2015. This is the time during which anyone, for any reason, can purchase new individual or family coverage with an effective date in 2015. The date your 2015 coverage begins will depend upon the date you apply for the coverage, as follows: If you apply between … Your coverage will be effective … November 15,
What Happens to My Health Insurance if I Move to a New State?
If you purchased a health insurance policy under the Affordable Care Act (ACA) while living in one state and subsequently move to another state, you will need to cancel coverage in your old state and purchase a plan in your new state. The good news is you don’t have to worry about purchasing your new coverage during open enrollment dates. That’s because moving to a new state is a qualifying
What is a Qualifying Event and What Should I Do if I Have One?
Note: this post was originally published on May 12, 2014 but has been updated for 2015. What appears here is the updated information, as of March 2015. When it comes to health insurance, a qualifying event is a life event that makes you eligible to purchase health insurance outside the dates of open enrollment. A qualifying event triggers a special enrollment period lasting 30-60 days, depending on the event. Read
Buying Health Insurance After March 31 During a Special Enrollment Period
March 31 has come and gone. And with it has come the end of open enrollment for 2014 health insurance plans. Unless you had already begun an application on or before that date through healthcare.gov (the federal health insurance exchange used by Virginia residents), March 31 was the last day you could purchase non-group health insurance coverage during 2014 open enrollment. However, there may still be an opportunity to purchase