Open enrollment Blog Posts

Pros and Cons of Staying on Your Parents' Insurance

Pros and Cons of Staying on Your Parents' Insurance

Posted by Robert DiGiacomo on April 6, 2016 in Life Transitions

The Affordable Care Act allows young adults to remain covered by their parents' insurance plan until they turn 26, regardless of whether they get married, attend school, have a full-time job, or still live at-home. According to the United States Department of Labor, this applies to both employer-sponsored plans and all plans in the individual market. For some, staying covered by their parents' plan will make the most sense financially. For others, it may be preferable to get your own insurance, through the government-sponsored Marketplace, your employer, or directly from an insurer.... Read More ...

Turning 26: How to Buy Your First Health Insurance Policy

Turning 26: How to Buy Your First Health Insurance Policy

Posted by Robert DiGiacomo on March 23, 2016 in Life Transitions

Under the Affordable Care Act, your parents are permitted to include their adult children on their health insurance policy until they turn 26. The actual termination date for coverage for adult children will depend on whether you're on a Marketplace — or government-subsidized plan — or covered through private insurance through a parent's employer. If you're about to light 26 candles on your birthday cake, here's what you need to need to know to remain insured:... Read More ...

How Long Can You Go Without Health Insurance Without Paying the ACA Penalty?

How Long Can You Go Without Health Insurance Without Paying the ACA Penalty?

Posted by Cheryl Alkon on March 15, 2016 in Insurance

Think buying health insurance is expensive? It can cost you a lot more to go without. According to Healthcare.gov, if you can afford health insurance, but choose not to buy it, you'll be required to pay a fee for each month you, your spouse, or your tax dependents don't have health insurance that qualifies as minimum essential coverage. This fee—also known as the individual shared responsibility payment, fine, or Affordable Care Act (ACA) penalty—will be collected when you file your federal tax return for the year you don't have coverage.... Read More ...

Open Enrollment is Closed: Now What?

Open Enrollment is Closed: Now What?

Posted by Eric Rosenberg on February 2, 2016 in Insurance

If you've missed the open enrollment window to sign up for an ACA-compliant health plan through the Health Insurance Marketplace, all hope is not lost. You still have several options to get coverage for the year. Take these steps to find a plan that will work for your needs, no matter the time of the year. Short-Term Policies If you do not have insurance coverage and you need it in a hurry, one of the first places to look is short-term medical coverage. While these types of plans are not compliant with the Affordable Care Act... Read More ...