Special enrollment period for Affordable Care Act begins Sunday

2 years 6 months 1 week ago Saturday, March 14 2015 Mar 14, 2015 Saturday, March 14, 2015 12:04:00 PM CDT March 14, 2015 in News
By: Hannah Shaw, KOMU 8 Reporter

COLUMBIA - The special enrollment period for the Affordable Care Act will begin Sunday.

Those who are eligible fit the following requirements: currently not enrolled in coverage through the online marketplace, have paid the fee for not having coverage in 2014, and have testified that they did not know about the fee until after the open enrollment deadline of February 15 had passed. 

This year's tax season is the first time individuals were asked about their basic health care information on their tax return because every American is required by law to have health insurance or have an exemption. 

According to the Centers for Medicare and Medicaid Services, the special enrollment period is designed to give people the chance to get covered for the rest of the year and avoid penalties in 2015. However, those who are enrolling during this special period will still have to pay a penalty for the months they went uninsured and did not receive an exemption. 

The penalty for not having insurance in 2014 is $95 per adult or one percent of taxable household income, whichever is higher. When filing taxes for 2015, the penalty for not having coverage will be $325 per person or two percent of taxable income, whichever is higher. 

The special enrollment period will close April 30. 

 

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