Covered California Deadline Extended

Covered California deadline extended

Covered California deadline extended

Covered California Deadline ExtendedIn a meeting just recently, Covered California has elected to extend the open enrollment period, which ended on January 31, 2020. This new special enrollment period will allow anyone, not just those who would generally qualify for special enrollment, to enroll in health insurance plans until the end of April. Policies will be effective April 1, if you enroll on or before March 15. Or, the policy will be effective May 1, if you enroll between March 16 and April 30. This means that instead of waiting until the new enrollment period of October 2020, anyone in California who does not currently have health insurance can sign up through the healthcare system.

Why This is Important to You

If you do not have health insurance coverage right now, you could be at risk for a fine on your taxes for the 2020 year. California has elected to enact a penalty for all of those who do not have health care coverage during the 2020 year. When you file your taxes in 2021, you will be required to pay a total of $695 per adult or 2.5% of your annual income, whichever is higher, in fees for not having the required health insurance coverage (separate fees apply for families and children).

If you do not currently have health insurance, you should consider applying for a policy during this new enrollment period. No one will be exempt from the fee if a policy is not selected and paid for by the new April deadline. This means that you could be paying a large amount of money for not having the required coverage, or you can get help to sign up now and get the coverage that you need to protect yourself and your family.

It is important that you reach out to an insurance rep if you do not currently have a health insurance plan to take advantage of this new period and take up the opportunity to sign up for a new plan in order to avoid the penalties that will otherwise be imposed.

Who is Eligible?

All those who did not know about the fee/penalty for not having healthcare coverage over the 2020 year (known as the Individual Shared Responsibility Penalty) are eligible for this enrollment period. Likewise, anyone who previously purchased an off-exchange plan but has now determined that they would like to buy an on-exchange plan will be eligible to do so during this enrollment period. Effectively, everyone in California is eligible and may choose to purchase a plan through the exchange without a penalty or any of the named exemptions that would typically allow for a Special Enrollment Period.

Why This Period is Available

Covered California has chosen to reopen the enrollment period for California residents because of the new fees that are being imposed. Information about the new fees that will be levied against residents on your 2020 taxes were explained, however, they feel that the explanation was not sufficient and too many people within the region do not realize that they could be at risk of being charged these fees on their taxes in the coming year. As a result, Covered California has decided to give all residents another chance to get enrolled and avoid paying fees.

Also, Covered California felt that the enrollment numbers were far lower than what was expected for this year, especially with the implementation of the enrollment requirement and the penalty for lack of 2020 coverage. As a result, and because of the penalty to be imposed, they have decided to allow more people the opportunity to enroll in the plan. If you have not yet enrolled you should seek out help to take advantage of this period to make sure that your family has coverage for the 2020 year and that you will not be required to pay the penalty. If you do not select coverage, there is no exemption for this penalty for 2020

What You Need to Do

You should contact your current insurance agent (or, if you don’t have one, reach out to us) and work with them to enroll in healthcare coverage as soon as possible. This enrollment period is set to last only until April 30, 2020.  If, however, you choose not to take advantage of this special enrollment period, you will likely be charged fees of $695 per adult or 2.5% of your annual income for not being enrolled in a required healthcare plan.

Make sure that you are looking into a healthcare plan as soon as possible that will provide you with the type of coverage that you and your family needs for the 2020 year. These plans can be purchased through Covered California. They will provide you with at least the level of coverage required to avoid a penalty under the new individual mandate enacted by California for the 2020 tax year. If you do not purchase a plan through Covered California, you may be held liable for the penalty

How This Enrollment Period is Different

This Special Enrollment Period is different from a standard one because it is available to all residents of California. A normal Special Enrollment Period is available only to those who meet specific guidelines. Those who have lost their group coverage moved to a new state, lost coverage because they no longer qualify for Medi-Cal, and other similar situations are eligible to enroll in health insurance at any time under a Special Enrollment Period. This one, however, has been enacted by Covered California.

Covered California has determined that every resident of California who does not currently have a health insurance plan and health insurance coverage for the 2020 year is eligible to enroll right now. Please note that this is only available until April 30, 2020. Those who do not enroll during this period will be charged the penalty when you file your 2020 taxes in the coming year.

Feel free to reach out to us to get a healthcare plan that works for you. We can help you find out more about the different insurance options and which plan will be best for you and your family. Even more importantly, you will be able to avoid any penalties on your 2020 taxes while keeping your family protected.

For all of your health insurance inquiries and concerns, do not hesitate to contact us at Bernardini and Donovan. We are here to advise the health insurance requirements of yourself, your family, and your small business. Contact us today for expert counsel!

Do You Qualify For The Special Enrollment Period?

Understanding Eligibility Of The Special Enrollment Period

With the deadline for the second Obamacare open enrollment period now in the rear view mirror, many individuals who failed to obtain health insurance before the deadline will soon be receiving penalties in the mail. Due to the enactment of the Affordable Care Act, each and every one of us is now required to obtain health coverage or receive a penalty.

If you want to avoid penalties, you must obtain health insurance. However, there is one way out of this requirement: the special enrollment period. The special enrollment period provides an individual with varying circumstances a second chance at enrolling for health care. However, you must experience one of the many qualifying life events in order to be eligible for the special enrollment period.

Life events that may make you eligible to take advantage of the special enrollment period and avoid penalties include:

  • Getting married changes your tax situation and health care needs, so you can take advantage of the special enrollment period.
  • Likewise, having a baby, adopting a baby, and placing a child in adoption or foster care all make you eligible for the special enrollment period.
  • Do not fret if your existing health coverage drops or changes, as you will be able to obtain new health insurance during the special enrollment period.
  • Permanent moves that change your coverage area or coverage requirements allow you to obtain health insurance during the special enrollment period.
  • If your citizenship status changes you can obtain health insurance during the special enrollment period.

Rather than leaving yourself unprotected, seek the care you deserve today! Contact Bernardini & Donovan Insurance Services in Redlands for all of your California health insurance needs. As Covered California experts, you can rest assured that we will be your guiding hand in the realm of health insurance and health care.

I Forgot To Enroll For Health Insurance – Now What?

Understanding Penalties Under Obamacare

Since fees were not implemented during the first trial of enrolling in the new health insurance marketplace, the first Obamacare open enrollment period proved to fall short of successful. However, now that enforced penalties mean that you will be faced with a fee if you do not have health coverage, it seems that many enrolled before February 15th passed.

If you failed to obtain health coverage before the open enrollment deadline passed, you will be faced with a penalty until the third Obamacare open enrollment period arrives. Therefore, it is important that you understand why you are being penalized and how much. Gathered are some helpful guiding points for determining how much your penalty for not enrolling for health insurance will be:

Failing To Have Coverage In 2015:

Two calculations are made to determine your penalty amount. Of the two below, you will need to pay the higher amount.

  • $325 per person in your household, $162.50 per child under 18 years old – The maximum penalty an entire family can be charged is $975.
  • 2 percent of your household annual income – In this calculation, the amount above your tax filing threshold is considered, approximating about $10,000 per individual. The most a family can be charged is the national average premium for a bronze plan.

Failing To Have Coverage In 2016:

Each year, the penalty for not obtaining health insurance will increase. You can expect the following increases in 2016 if you still do not have health coverage:

  • $695 per person in your household
  • 5 percent of your household annual income

Rather than leaving yourself unprotected, seek the care you deserve today! Contact Bernardini & Donovan Insurance Services in Redlands for all of your California health insurance needs. As Covered California experts, you can rest assured that we will be your guiding hand in the realm of health insurance and health care.

Do You Qualify For A Subsidy?

Discerning The Aid You Can Secure For Your Health Insurance

With the Affordable Care Act (ACA) changing healthcare in the United States, it can be difficult to understand exactly what kind of support the government can offer you. According to the ACA, the government now offers subsidies to make healthcare more affordable for eligible parties. These are tax credits that are available for lower income families and individuals.

To qualify for subsidies, you must live in the United States, be a citizen of the US or lawfully residing in the country, not be in jail, and have a household income level of four times the federal poverty level or less. This means that if your Modified Adjusted Gross Income is between 100% and 400% of the Federal Poverty Level you can qualify for tax credits to help you cover the expense of your health care.

How much reimbursement can you expect? The subsidies are based on a sliding scale. The government will determine what percentage the amount you pay for your health insurance is of your income, and offer increased subsidies the higher the percentage is. The sliding scale is based off of the cost of the second least-expensive silver-level plan that is available in your area.

If you would like help from the experts to discern if you qualify for a subsidy, a certified agent like the ones at Bernardini & Donovan Insurance Services is here to aid you. To understand what the ACA means for you, how not to miss an important deadline, and how to save on your premiums, do not hesitate to contact Bernardini & Donovan Insurance Services today. Located in Redlands, we are here to help you secure the best protection for you and your family today.

The Latest On Covered California

Your Update On Covered California’s Progress In The First Month Of Open Enrollment

The first open enrollment period in 2013-2014 ended up securing 1.2 million enrollees during its six-month period. With this year’s three month period, Covered California aims to keep the 1.2 million enrolled and add another half million of new enrollees. That means they are shooting to have 1.7 million Californians enrolled by open enrollment’s end date of February 15th, 2015.

It looks like they may get close to their goal, as between November 15th (the day this second, current period of open enrollment began) and December 11th 91,600 people who had previously not been enrolled signed up. This is a significant number considering that between November 15th and December 3rd the number of new enrollees was at just 48,950 and during the first month of open enrollment last year a mere 31,000 signed up.

If you are a current Covered California enrollee, you had until December 21st (extended from the original deadline of December 15th) to make changes to your plan, otherwise you will be automatically enrolled in another year of your current plan. If you are now eligible for Medicare, make sure you connect with an enrollment counselor or a certified Covered California agent to get un-enrolled from your current Covered California plan.

Whether you have a current Covered California health insurance plan or are planning to enroll for the first time, these next two months before open enrollment ends will be a critical time to secure the right coverage for you. After February 15th, if you are not properly covered under the new guidelines set forth by the Affordable Care Act, you become eligible for tax penalties.

Bernardini & Donovan Insurance Services, located in Redlands, California, offers expert services and superior care to make sure you are meeting the Affordable Care Act’s requirement and getting the best coverage for you and your family at the best prices. For all of your health insurance needs, contact us today!

Deadline Extensions With Covered California

Get The Coverage You Need By December 21st

If the hectic holiday season has made it difficult for you to secure the coverage you need this month, Covered California has a gift for you. Were you hoping to lock down coverage that will begin at the first of the year? If you have begun the application process, you will have until December 21st (rather than the original deadline of December 15th) to finish the application process.

Why the change? The executive director of Covered California, Peter Lee, says that a later date allows people some grace time for completing what he understands can be a complicated process for first-time users. Covered California knows that if you have never secured insurance before, you will want to sit down with a professional to help you understand the kind of coverage you need.

Meeting with a pro has been difficult for some people, and many enrollment counselors and insurance agents have been booked solid for the last couple of weeks. With hold times of nearly twenty minutes when calling a Covered California service center, the extra days until the deadline will make the sometimes time-consuming process of securing coverage less of a burden.

Whether you are one of the thousands of new enrollees (91,600 signed up between November 15th and December 11th) or are just looking to renew your existing policy, take advantage of these extra days to make sure you are getting comprehensive coverage for the lowest premiums.

To speak with a certified Covered California agent, contact Bernardini & Donovan Insurance Services, located in Redlands, today. Our team is committed to securing the best health insurance coverage for you at the most competitive rates in the industry. For all of your Southern California health insurance needs, connect with our team during this open enrollment period to get the peace of mind that comes with great coverage and avoiding Obamacare penalty fees.

I Missed The Open Enrollment Deadline! What Now?

When it comes to your health, you want to ensure that you will be protected no matter what unforeseen health problem may come your way. In order to do so, you must purchase a health care plan. It can be difficult to find a comprehensive plan that fits nicely into your budget. The Marketplace offers a variety of health care plans that benefit most individuals.

As of November, open enrollment 2015 is currently in session. Millions of Americans are navigating the Marketplace, attempting to evaluate their health care needs. The deadline by which you must select your health plan is February 15th, 2015. Even if you are well aware of this deadline, there is always the chance that life throws you a curveball, and you miss it. If this happens, what should you do?

First things first, do not stress! Here is some information about the Obamacare offseason that may put your mind at ease:

  • Do not cast away your incomplete application in despair! You should continue to complete your application, even if the deadline has passed. The administration has been known to make exceptions for special circumstances.
  • If you happen to have recently gotten married, divorced, or adopted a child, you may qualify for a special enrollment period.
  • Consider enrolling in Medicaid. There is no deadline for Medicaid enrollment.
  • If you were turned down for a special enrollment period, and believe that the decision was made unfairly, you can make an appeal. Visit the website to learn more about the appeal process.
  • Consider purchasing a health care plan through the private market.

For more information about open enrollment 2015, deadlines, or private health care plans, please contact a Certified Covered California agent from Bernardini & Donovan Insurance Services, located in Redlands California. We have the experience necessary to assist you with all of your health care needs.

Take Advantage Of California’s Enrollment Extension If You Still Want Health Insurance

Many people tried and failed to complete their enrollment in Covered California to get health insurance by March 31, 2014. Yet they still have an opportunity to get health insurance through Covered California by signing up before the new deadline of April 15, 2014.

Officials aren’t claiming this deadline as any type of extensions to the federal Marketplace enrollment signup. Instead, this is a grace period for people who tried to sign up through the Covered California marketplace exchange website on or before the mandated March 31st deadline yet were unsuccessful.

For people who can’t obtain insurance through their work, they will need to find a certified insurance agent, a certified enrollment counselor or an eligibility worker to complete the application in person.

The April 15 deadline will be the last open enrollment chance a person will have this spring. If you are still interested in getting health insurance for yourself or your family, take advantage of this grace period, call Bernardini & Donovan Insurance today to enroll in Covered California!

For more information about individual and family insurance in California, please contact Bernardini & Donovan Insurance located in Redlands at 877-251-2447.

March 31st Marks the Last Day to Purchase Health Insurance for 2014

The last day for individuals and families to purchase health insurance for the 2014 year is coming up. The deadline for purchasing any plan off of the open market is March 31, 2014.

What Happens on March 31, 2014?

Health insurance policies are only available for purchase during a period known as open enrollment. Open enrollment is when insurance companies are required to accept applicants for one of their health insurance policies.

Insurance companies that are offering health insurance coverage to individuals and families have scheduled open enrollment to end on March 31, 2014. If health insurance has not been purchased by that date, the individual and/or their family will have to wait for the 2015 open enrollment period – which is scheduled for some time in November 2014.

What Will Happen if Health Insurance is Not Purchased by March 31, 2014?

 Individuals and/or families who have not signed up for health insurance coverage and who have not filed and/or qualified for an exemption, face a possible penalty. The penalty is assessed as part of the Affordable Care Act.

The fine that will be assessed is as follows:

  • 1% of household income – with a maximum of what the average bronze plan premium would have been
  • $95 per person/$47.50 per child under 18 – each family will have a maximum of $285

The penalty will be assessed at whichever is higher.

For more information on health insurance coverage and upcoming deadlines for the Affordable Care Act, contact Bernardini & Donovan Insurance, located in Redlands, California, today.

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