Lack of Promotion
One thing you might have noticed is that those recurrent ads that you became used to on your television, radio and in print have drastically decreased. Advertisements for open enrollment for the ACA has been cut by 90 percent this year. That’s a cut from $100 million previously to $10 million currently allocated. If you’re relying on those advertisements as your reminder, time to find a new strategy, as you won’t be seeing many of those.
Shortened Enrollment Period
The total time period allotted for enrollment has also decreased this year. In prior years, enrollment lasted…
…approximately 12 weeks. This is in great contrast to this year where only 6 weeks are allocated. Open enrollment, in most states, is from November 1, 2017 to December 15, 2017. I say most because there are selected states where an expansion has been given, but not many.
Find out the exact dates for your state but keep in mind it’s likely that your state hasn’t expanded the deadline. The cut in advertisements combined with the shorter time period essentially means you have a greater chance of missing out on this crucial enrollment and forgoing coverage for the entire 2018 year.
Penalties for Lack of Insurance
Not only does potentially missing the shortened open enrollment period mean that you will not have coverage for 2018, but to add insult to injury, it also means your pockets will be hurting as well. You see, health coverage is still a law, and not having this coverage means you will be penalized come tax season. Yes, you read right, you’d get no insurance, but you do get a penalty. This isn’t new, but the shortened enrollment period increases the likelihood of being penalized. So, be sure to catch this enrollment period, and don’t let these changes keep you from possible lifesaving healthcare coverage for 2018.
The official marketplace website for enrollment is www.healthcare.gov.