Open enrollment for individual health insurance is from October 15, 2014 to February 15, 2015. If you wait until after this date, you must have a qualifying event to enroll in coverage off of the annual open enrollment window. These qualifying events include marriage, divorce, adoption, birth of a baby, loss of job coverage, etc.
Note that now all plans will be guaranteed issue – meaning you cannot be denied or rated up for any pre-existing conditions or medications you may be taking.
All of the staff at Schulte Insurance Agency have been certified with Covered California. We can help you just as we do now with your private market policies. The benefits of using us instead of going directly to the California Exchange are as follows:
- Our office staff has years of experience in the health insurance market so we know insurance plans inside and out along how to navigate the insurance system. The people who will help enroll with the California Exchange are only required to go through a short certification course. Most will not have the experience we have.
- It does not cost you anything extra to use us – the cost of using Schulte Insurance is exactly the same as going to the Exchange directly. The insurance companies pay us a commission for helping you. You can count on us to be your trusted advisor.
- After your plan is enrolled, we will be here daily for any policy issues you may have – this includes claims, billing, policy questions, etc. You can talk to our same staff members instead of a different customer service agent every time you call
Give us a call – with the new subsidies available next year, many people will have a premium savings in the California Exchange.
Here is a list of incomes that will most likely qualify for a subsidy:
People in Household 2015 Annual Family Income Levels to Qualify
1 45,960 or below
2 62,040 or below
3 78,120 or below
4 94,200 or below
5 110,280 or below
6 126,360 or below
7 142,440 or below
8 158,520 or below
Incomes are based on your MAGI – Modified Adjusted Gross Income
*Note that per the Affordable Care Act, everyone is required to purchase health insurance. If you do not purchase health insurance, the following tax penalties apply:
2014: $95 or 1% of your gross income, whichever is greater
2015: $325 or 2% of your gross income, whichever is greater
2016: $695 or 2.5% of your gross income, whichever is greater