Changes for 2015 Annual Enrollment Period

2015 Annual Enrollment Period will run from November 15, 2014 through February 15, 2015. This is the only time to change your Obamacare plan, unless you have special circumstances that allow you to use Special Enrollment period (SEP). Read below what’s new for 2015 Annual Enrollment Period.

2015 Annual Enrollment Period Changes

  • For the year 2015, 27 federally facilitated Marketplace states, 7 state partnership Marketplaces, and 3 state based Marketplaces will use the federal site, www.healthcare.gov.
  • Premiums and tax credits will change. One key factor will be the change in the cost of the benchmark plan in a Marketplace. It will affect the cost of coverage for most consumers. The other factor is the change in the individual income, age, and family status.
  • Cost sharing will change. The maximum out-of-pocket cap for 2015 will increase to $6,600 for an individual and $13,200 for a family.
  • The individual responsibility will increase. In 2015 the fee for uninsured adult will be $325, or 2% – whatever is greater. The most a family would have to pay in 2015 is $975 – three times adult’s penalty.
  • Medicaid changes. With state of Pennsylvania adoption of Medicaid expansion, the total number of states that expanded Medicare reached 28.

Should you change your plan at 2015 Annual Enrollment Period?

Your current plan’s coverage is based on a calendar year and will expire on Dec. 31. You’ll get a notice from your insurance company informing you whether you’ll be enrolled automatically in the same or similar plan, in the case you don’t take any action. But you may change your Obamacare health plan, even after you’ve been automatically enrolled in a plan. Follow the steps below.

  • On the Federal Marketplace site, click See Plans & Prices.  Review the available on Marketplace plans, and compare them with your current plan
  • Edit your application by making changes in income and other household information. It will allow you to determine whether you are entitled to government subsidies, the amount of your premium tax credit and cost-sharing reductions. For more details, see How to report changes to your 2015 health plan application?
  • You’ll get the new eligibility results based on updated application.  Now you may enroll in your current plan or select another plan available in the Marketplace. For more details, see How to change Obamacare health plan for 2015?

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