December 1, 2014
Vol. 10, Issue 12
Insurance enrollment for 2015 is in progress, but did you know the enrollment period is much shorter this year than last year? You have only three months during this enrollment period to sign up for or switch health insurance plans, and enrollment ends February 15, 2015. There are several other important deadlines you’ll want to keep in mind when reviewing your options for 2015:
December Enrollment Deadlines
December 15 - This is probably one of the most critical deadlines right now. If you want a new plan with a January 1 effective date, you must sign up no later than December 15.
If you purchased a health plan last year and take no action by this date, your current policy with auto-renew (unless it is no longer being offered in your state). This could cause a sharp increase in your monthly premium come January. Read my blog, Why Allowing Your Health Plan to Auto-Renew in 2015 Could Cost You Money, to understand more about the risk of auto-renewing your health plan.
December 31 - If the plan you purchased last year is not eligible for auto-renewal or you have a grandfathered or grandmothered plan that is not being renewed, your policy terminates on this date. If you did not sign up for a health plan by December 15, you can sign up by January 15 to ensure a February 1, 2015 policy effective date, but you may want to consider a short-term plan to cover this lapse in coverage.
January Effective Dates and Deadlines
January 1 - If you signed up for a plan by December 15, your new policy takes effect on this date.
January 15 - If you missed the deadline to sign up for a plan in December, you have another chance. You must sign up for a health plan by January 15 to ensure a February 1, 2015 policy effective date. Again, if you’re uninsured, you may want to consider a short-term plan to cover you until your policy takes effect.
February Effective Dates and Deadlines
February 1 - If you signed up for a health plan between December 16 and January 15, your new health plan becomes effective today.
February 15 - You must sign up for a health plan by this date to ensure a March 1, 2015 policy effective date.
Also, 2015 insurance enrollment ends on this date! If you do not sign up for a health plan by this date, you won’t have another opportunity to sign up until fall 2015, unless you qualify for a special enrollment period.
Signing Up for a Health Plan on Your Own
It is easy to compare rates and sign up for a new plan on your own, all on our website. Be sure to check out our web page,, Your HSA for America Guide to ACA (Affordable Care Act) Open Enrollment. Review our premium subsidy chart to see if you qualify for premium assistance as this could reduce your monthly premiums quite a bit.
If you know you don’t qualify for premium assistance, signing up is as simple as running an instant quote, choosing your deductible and coinsurance limits, and selecting “apply.” Our processing team will ensure your application is processed quickly, and you’ll still have lifetime access to your Personal Advisor if you ever need anything.
If you believe you qualify for premium assistance, you can run an On-Exchange Instant Quote which will show you the plans available that qualify for premium assistance. Again you can quickly and easily apply online. Remember - your Advisor is available should you have any questions or concerns.
The goal at HSA for America is to ensure you’re in the best plan available at the best value for 2015. Tax penalties are increasing for being uninsured in 2015, so we’ve made the process for you to sign up for a health plan as easy and hassle-free as possible!
To your health and wealth!
"Enjoying a Family Visit"
President - HSA for America