becuTXTlogo

Bull’s Eye Credit Union Health Insurance

Free Health Insurance Quote

Open Enrollment Period

The yearly period when people can enroll in a health insurance plan through the Health Insurance Marketplace.

For 2016 coverage, the Open Enrollment Period is November 1, 2015 – January 31, 2016. People may qualify for Special Enrollment Periods allowing them to enroll outside of Open Enrollment if they have certain life events, like getting married, having a baby, or losing other coverage.

Penalty or fine if you don’t have health insurance in 2016, you’ll pay the higher of these two amounts:

  • 2.5% of your yearly household income (Only the amount of income above the tax filing threshold, about $10,150 for an individual in 2014, is used to calculate the penalty.) The maximum penalty is the national average premium for a Bronze plan.
  • $695 per person ($347.50 per child under 18) The maximum penalty per family using this method is $2,085.

Outside the Open Enrollment Period: You can enroll in health insurance if you have a qualifying event. If you have a qualifying event please call us toll-free at 855-533-1776.

Individuals may qualify for Special Enrollment Periods outside of Open Enrollment if they experience certain events.

Have you experienced?

  • Change for Newborn — A birth triggers a Special Enrollment Period that allows the family to enroll for coverage, change a plan or add the baby as a new dependent. Also the baby can be enrolled as a Child Only Policy.
  • Change for Marriage — A marriage triggers a Special Enrollment Period that allows a new couple to enroll for coverage, change a plan or add a dependent(s).
  • Proof of State Residency for Non-US Citizens — Starting in 2014, Non US citizens are required to confirm their state residency to ensure that they are eligible for plans selected.
  • COBRA — A Qualifying Event is triggered when COBRA coverage is exhausted at the end of the COBRA period.
  • Legal Guardianship — Legal Guardianship is a Qualifying Event and treated similar to a birth or adoption.
  • Permanent Move — We need proof of prior and new residence location.
  • Employer’s Bankruptcy — If this results in the loss of coverage for retirees, then this is considered a Qualifying Event for these retirees.

For further information see Special Enrollment Period and Qualifying Life Event at HealthCare.gov.

Group of People

 

Services Provided By:

cropped-header-no_phone_320x80.png

facebooktwittergoogle_plusredditpinterestlinkedintumblrmail