Sign up for health insurance through March 31
If you missed the deadline for health insurance coverage starting January 1, you still can buy an individual or family policy. Under the Affordable Care Act (ACA), individuals have until March 31 to purchase coverage in this first year of the new requirement that all* persons purchase health insurance.
You can buy coverage in two ways:
- Shop from and select a plan on the "Cover Oregon" health insurance exchange, for which you could receive a subsidy to lower your monthly premium.
- Shop from and select a plan on the open market using a combination of online and insurance agent expertise.
What new plans cover
Any plan you buy now (except catastrophic) will comply with the ACA and include the 10 essential health benefits that are required in 2014, such as maternity, pediatric and mental health care coverage. See our health care reform timeline for more information.
New plans also limit your annual out-of-pocket exposure, while removing annual limits on your coverage for essential health benefits.
Effective dates. Your effective date depends on when you select a plan and make your first premium payment.
- February 1 coverage—enroll by January 15, pay by February 1
- March 1 coverage—enroll by February 15, pay by March 1
- April 1 coverage—enroll by March 15, pay by April 1
After March 31, you will not be able to purchase health insurance on an exchange or in the private market unless you have a specific qualifying event, such as a change in work or marital status, or an additional child in the family. The next open enrollment will be Nov. 15, 2014, for coverage starting Jan. 1, 2015.
If you do not have health insurance, and you do not meet one of the exceptions, you may be subject to a fee called the "individual shared responsibility payment" under the ACA of $95 per adult or one percent of your income, whichever is greater.
We are happy to help you explore your plan options with Regence.