We recently learned the outcome of an important legal case with potential implications for health insurance reform. At issue in Halbig v. Burwell was whether or not the language in the Affordable Care Act (in the law itself) gives the IRS and the federal health insurance exchange the authority to distribute premium tax credits to individual policyholders. The argument is that the law states subsidies are available for policies purchased
My New Job Offers Health Insurance, but Can I Still Stay on My Parent’s Policy?
Yes*. Just because you are eligible for coverage through your employer does not mean you cannot stay on your parent’s health insurance plan — that is, of course, if you are age 26 or younger. If your parent’s plan seems like a better fit for your family’s budget, lifestyle, or health care needs, staying on your parent’s plan may be the best option for you! *Note, the only exception would
Can I Live in a Different State than my Parents and Still be Covered on Their Health Insurance?
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 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
As a Young Adult What are My Options for Health Insurance?
The Affordable Care Act makes it mandatory for most individuals — including young adults — to have health insurance or pay a tax penalty. There are several options available for young adults looking for health insurance. If health insurance is not offered by your employer, or if it is offered but does not meet your needs or your budget, you can: Get coverage on your parent’s health plan. If you
New Virginia Law Changes Pediatric Dental Benefit for 2015
Coverage for pediatric dental care is considered an essential health benefit under the Affordable Care Act (ACA). Several months ago we wrote about pediatric dental coverage in Virginia (click here to read the original post). To summarize briefly, all 2014 individual and small group (50 or fewer employees) health insurance policies sold outside the federal exchange are required to include coverage for pediatric dental care. But for policies sold through
Short-Term Health Insurance
Now that the window of opportunity to purchase 2014 Affordable Care Act (ACA)-compliant health insurance has closed, many people are wondering how they can be protected in the event of an illness or injury this year. In most cases, if you did not purchase a 2014 policy before the March 31 deadline, your option for the remainder of 2014 is to purchase what’s known as short-term insurance. (*See notes below
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
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