What To Know For The Upcoming Healthcare Deadline

Deadline for Covered California Open Enrollment Culver City CAAre You Prepared For February 15th?

No, February 15th does not mark the day you wake in a panic realizing you have forgotten Valentine’s Day. (Do not worry, advertisers will make sure you remember the holiday.) It is the deadline for the current open enrollment period. If you do not have health insurance by that time, not only will your coverage options be severely limited until the next open enrollment period but you will also be faced with a tax penalty for failing to secure coverage.

Why is there an open enrollment period? Largely to protect insurance providers. Without open enrollment, people could purchase health insurance only when they are sick and drop it when they no longer need it, leaving providers responsible for their expenses without revenue to offset them.

Open enrollment’s set deadline should also motivate you to get the insurance coverage you need and deserve for 2015 early in the year. The number of plans on the marketplace has increased in the last year, so there are more options better enabling you to get the right coverage for you and your family.

If you miss the deadline, you have a few ways you can continue to seek out coverage. First off, see if you qualify for an extension. Complications with the application process can qualify you, and a serious life change may as well. Qualifying life events include but are not limited to marriage, divorce, having a child, adopting a child, and changes in income.

Do not get lost amidst all the changes in healthcare; connect with a certified Covered California agent to guide you through the process. If you are looking for an insurance agency that will take the time to help you understand the coverage you need and secure it by the deadline, contact ISU Wissink in Culver City. We are here to meet all of your California insurance needs. Call us today!