January 7, 2015 by Troy Baccus

Enrollment for 2015 Health Insurance


Enrollment is now open for 2015 health insurance through the Obamacare health insurance marketplace. If you do not receive health insurance through an employer sponsored plan then you will most likely need to secure your own individual health insurance or family health insurance. There are even health insurance options for small business owners available online. You can use the following tool to shop for health insurance. Be sure to enroll by the February 15 deadline so you don’t miss out. There can be penalties for choosing not to buy health insurance. The risk of being without health insurance coverage is simply not worth it.


Compare free quotes for health insurance online!


It’s easy to enroll for health insurance online. The most important thing to¬†keep in mind is that you will need to enroll for insurance by the February 15 deadline. If you want to have your health insurance effective by February 1, 2015 then you will need to enroll for coverage before January 15, 2015.


Is health insurance important?

Health insurance is extremely important. The cost of a hospital visit is astronomical. Without health insurance, a medical emergency (accident or illness) could be a devastating  financial blow. Medical conditions are the number one cause of home foreclosures in the United States. Even in 2008, when the mortgage crisis ravaged the US, the most common reason for home foreclosure was medical emergency.


When is the deadline for health insurance enrollment?

Be sure to enroll by February 15, 2015 so you don’t miss the deadline for enrollment. If you would like to have your coverage effective by February 1st then you will need to enroll by January 15, 2015.


Is there a tax penalty for not having health insurance?

Yes, there is a tax fine for people who do not secure health insurance coverage. The fine ranges up to thousands of dollars. More information about the tax penalty for not buying health insurance can be found on this page of Healthcare.gov.


What is the Health Insurance Marketplace?

The Health Insurance Marketplace is a web-based portal for learning about health insurance plans that are available through Obamacare.


What is Obamacare?

Obamacare is the term used for the government subsidized healthcare system, created by the Affordable Care Act.


What is the advantage of Obamacare?

Under the new government mandated health insurance program, there is one clear improvement over the previous private insurance system. The new Obamacare system requires insurance companies to offer insurance coverage to all individuals – even those with pre-existing conditions. This means millions of people who could not previously obtain high-quality health insurance now have access to it.

How much does health insurance cost?

Health insurance has a wide range in cost. Since you can receive a government subsidy for health insurance, your out-of-pocket cost for coverage can range between $0 up to thousands of dollars per month. Your government subsidy for health insurance is calculated based on your income. You can learn about your available government subsidy at Healthcare.gov.

Compare free quotes for health insurance online!


Common Obamacare Acronyms

ACA = Affordable Care Act
OEP = Open Enrollment Period
SEP = Special Enrollment Period
FFM = Federally Facilitated Marketplace
WBE = Web Based Entity
IFP = Individual & Family Plans
QHP = Qualified Health Plan
AEP = Annual Election Period (Medicare)

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