Welcome to November, aka the greatest month of the year. Why you ask?
My birthday is in November (this year is the big 3-0), I passed the CFP® Exam last November, and Lyndale Financial was launched last November. Not a bad month if you ask me.
However, before all of the celebrations begin, we need to get the word out on the Affordable Care Act Open Enrollment period. The open enrollment period began November 1, 2017 and goes through December 15, 2017.
If you or someone you know does not receive health insurance through an employer plan, you will need to sign up for a health insurance policy on your own.
To get enrolled, go to Healthcare.gov to start the process.
Unfortunately, this year the White House has decided to cut advertising for the ACA “Obamacare” Open Enrollment period by 90%, so we will just have to take the initiative to make sure the word gets out.
The Affordable Care Act has provided health insurance to millions of Americans who once were not able to obtain health insurance due to pre-existing conditions.
If you are required to have a health insurance plan and fail to enroll during the open enrollment period, you will only be eligible to enroll when certain life events happen (get married, have a baby, lose other health coverage, etc.). This could also result in being penalized for not having adequate coverage throughout the year.
One last thing, Healthcare.gov has provided a wonderful checklist so you can be fully prepared for all of the questions you will be asked when enrolling for health insurance. Be sure to read through this or pass it along to anyone who needs to have health insurance for 2018.