The individual market now has
special enrollment periods just like the employer - sponsored insurance market.
Not exact matches
Now that coverage is guaranteed - issue in the individual market (
just the way it is for employees who are eligible for their employer's health plan), the individual market uses open
enrollment and
special enrollent
periods just like employer - sponsored health insurance.
You can look for health insurance plans on your state or federal marketplace during Open
Enrollment or, if you
just recently changed your job, during a
Special Enrollment Period.
Just answer a few questions to find out if you qualify for a
Special Enrollment Period, Medicaid, or the Children's Health Insurance Program (CHIP).
You're eligible for a
special enrollment period because you
just lost your job - based health insurance due to being laid off (note that you're eligible to get a plan in the individual market — on or off - exchange — even if you also have the option to continue your job - based insurance via COBRA.You have the full 60 - day election
period to pick COBRA or an individual market plan, and you're allowed to change your mind within that 60 - day window too, which wasn't the case prior to 2017).
If you have
just left your job for any reason and lost your job - based health coverage, you qualify for a
Special Enrollment Period.
So the ACA included two provisions to prevent this: The individual mandate that penalizes people who choose to go without insurance, and the limited open
enrollment windows and
special enrollment periods (i.e., you can't
just enroll anytime you like).
Since open
enrollment for 2015 had already ended before many Americans filed their tax returns for 2014, the government granted a one - time
special enrollment period in the spring of 2015, allowing people another chance to enroll in 2015 coverage if they had
just found out about the penalty when they filed their taxes.
Becoming a U.S. citizen or gaining lawfully - present status in the U.S. is a qualifying event, which gives the person 60 days to enroll in a plan through the health insurance exchange (note that this is one of
just a few qualifying events that does not trigger a
special enrollment period for off - exchange plans; the
special enrollment period is only available in the exchange).