Hurry! The 2015 NY State of Health and Health Insurance Open Enrollment Still OPEN, but is closing soon!
FOR THE MOST CURRENT 2015 HEALTH INSURANCE INFORMATION: CLICK HERE
While many people have already been able to start or change individual health insurance plans effective for 1/1/15, the open enrollment period (OEP) remains open for those who either have not yet enrolled, or wish to make a change to their current plan, but that time frame is quickly narrowing.
This year’s Open Enrollment Period runs thru 2/15/15. If you enroll by 1/15/15 you will be able to start your plan by 2/1/15. If you enroll by the deadline of 2/15/15, your plan will start 3/1/15. If you fail to enroll in a plan by the end of the open enrollment period, you will not be able to enroll in a plan until 1/1/16. While last year the open enrollment period was extended by two months, this year the cutoff date is much earlier unless a similar extension is granted. We do not anticipate any extensions this year.
Penalties for not having insurance in 2015 are going up! In 2015, the Individual Shared Responsibility fee for not having insurance is $325 per adult and $162.50 per child (up to $975 for a family), or 2% of your household taxable income, whichever is greater. Please be sure to contact us today to review your options and let us assist you in enrolling on a plan before it is too late!
Peak Advisors, Inc. offers assistance for those enrolling either thru the NY State of Health (aka On Exchange), or directly with the individual carriers (aka Off Exchange). Since in NY a broker’s services are free to use and do not affect your rates, take advantage of our free advice and service!