Affordable Care Act Update: Enrollment and Coverage Deadlines Clarified
On October 23, the Obama administration made an announcement that gives uninsured Americans who purchase health insurance through the Health Insurance Marketplace until March 31, 2014 to enroll in or sign up for a health insurance plan and clears up questions regarding the timeline when insurance coverage needs to kick in to avoid a tax penalty.
The confusion has been whether the uninsured need to be covered by March 31, 2014 or if they have to be signed up or enrolled in a plan by then, since it takes time for coverage to take effect after enrollment.
The administration clarified Wednesday, that individuals without health insurance do not need to be covered by March 31, 2014, they just need to enroll in or sign up for a plan through the Health Insurance Marketplace by then to avoid a tax penalty on their 2014 taxes filed in 2015.
Check back with the blog for more up to date information regarding the health care law.
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