Can I just sign up for Obamacare once I'm sick?

Discussion in 'Economics' started by misterno, Oct 15, 2013.

  1. http://finance.yahoo.com/news/just-sign-obamacare-once-im-113700701.html

    There are many assumptions about what the effects of Obamacare will be. This series aims to separate myths from realities and answer questions surrounding the Affordable Care Act.

    Myth: I'll just sign up for Obamacare when I get sick.

    Reality: Actually, it doesn't work that way.

    We've heard from many readers, particularly those in their 20s and 30s, who say they plan to forgo getting health insurance in 2014 and just pay the annual penalty of 1% of their income (or $95 if that number is lower) next year.

    Coverage on the state-based exchanges can cost $200-$300 a month for many people. That's why some young adults without any major health issues think that it's only worth signing up for Obamacare if they get really sick or wind up in an accident.

    But Americans can only sign up for coverage and subsidies on the exchanges during a specified enrollment period. For 2014, it runs through March 31.

    If a person misses that deadline, they can still get health insurance next year, though they won't be eligible for an exchange policy or a subsidy. People can enroll in individual policies outside of the exchanges at any time.

    Individuals that still want to sign up for Obamacare after March 31 have to wait until 2015 for coverage. (That enrollment period will run from Oct. 15 through Dec. 7 of next year.)

    There are some exceptions though. If you experience a major life event, such as marriage, divorce, birth of a child or job loss, you can enroll for Obamacare at any time.

    And those eligible for Medicaid or the Children's Health Insurance Program (CHIP) can also sign up at any time of the year.
     
  2. Visaria

    Visaria

    :D

    Sorry, but u Yanks are nuts allowing this legislation to pass.
     
  3. Given how frequently the Party of the Stupid supporters like to cite quotes from the Iron Lady, why not follow her lead and adopt universal healthcare?


    Regarding the current legislation, Hillary will amend certain provisions which will pave the way for Chelsea's run.
     
  4. Eight

    Eight

    galpal isn't interested in marriage but if worse comes to worse and the bottom line demands it, well, Obama has our back(sides).
     
  5. Most live paycheck to paycheck. They don't have a pot to piss in and will just file bankruptcy if they have a major medical bill. They'll still be on the hook their college tuition though lol.

    Even if they did want to sign up for Obomneycare, they couldn't even do it the past 15 days. Friggin Joke... Don't roll it out until it's ready!!!
     
  6. jem

    jem

    as if the republicans are not smarter than the party of walmart food stamp thieves.


     
  7. exGOPer

    exGOPer

    Three Kentucky counties — Owsley, McCreary and Wolfe — are the only places that rely on government programs such as Social Security, food stamps and Medicaid for more than half of income.

    The results of the 2012 presidential elections by county, per AP:

    Owsley: Mitt Romney 83%; Barack Obama 17.9%
    McCreary: Mitt Romney 80.0%; Barack Obama 18.7%
    Wolfe: Mitt Romney 60.3%; Barack Obama 38.1%

    http://www.politico.com/blogs/media/2012/12/three-counties-in-kentucky-151076.html
     
  8. bighog

    bighog Guest


    Hey! Who won the revolution before the BIG ONE and who fell from grace after the BIG ONE?

    Then you elect a witch................... http://www.youtube.com/watch?v=wrxy93fY3vI
     
  9. Visaria

    Visaria

    Our NHS is a joke, a rather bad one. British NHS hospitals are well known for being slaughter houses of hundreds of thousands of people every year.

    You guys are going the same way.

    Oh well.
     
  10. wartrace

    wartrace

    People are idiots. Do you plan on buying auto insurance after you have a wreck? Homeowners insurance after a fire?
     
    #10     Oct 16, 2013