By Paul Schmitt
As the debate over national healthcare continues on Capitol Hill, the enrollment period for obtaining health insurance through the Affordable Care Act (ACA) will begin this Wednesday, November 1. Plans sold during Open Enrollment period which ends December 15 start on January 1. Mike Walston of Robertson, Ryan & Associates says ACA looks at income level and ability to pay rather than the usual insurance metrics.
Walson says for individual insurance you can only register in November and December for a January start. Changes can only be made during the year if you have a qualifying event such as losing your existing coverage because of a job loss, losing eligibility for your Medicare or Medicaid, change in your marital status, and children turning 27 years of age and going off their parent’s coverage.