I got laid off.Do I have to enroll in Obamacare?I don't have any insurance and I know the deadline to enroll is next month. What if I don't?

  • by BOB
  • Nov 10,2017
  • 9 answers

I got laid off.Do I have to enroll in Obamacare?I don't have any insurance and I know the deadline to enroll is next month. What if I don't?


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Insurance Answers (9)

MDavis last week

Two things -
1 - get a calendar to keep track of your monthly income. This can be used to show which months your income made health insurance "unaffordable" as defined by IRS rules, which can then be used to prove you should not be penalized for having no insurance those months.
2 - When you get a new job, go back on healthcare.gov and check to see if it changes your eligibility - it is a change in circumstance that allows you to change your insurance choices. It is also another thing you can track in your calendar.
Now, on to my response to your question.
If you go to healthcare.gov you can go through a fairly simple process to apply for health insurance. Some states have their own exchanges - if yours is one of those you will be referred there. Estimating income will be an issue, since you don't know how much you will earn at a job you do not yet have, but take your best guess. You may (again, depending on your state) qualify for Medicaid. If you optimistically estimate your new wages, you might qualify for the premium tax credit, reducing or eliminating your out of pocket premium charges.

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H. Marie last week

you are allowed a period of time of non coverage avoiding the penalty

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StephenWeinstein last week

First, the deadline is only for regular enrollments. If you had insurance through your job and lost that insurance because you lost your job, then you qualify for a special enrollment period, which has a different deadline.
Second, if you have enough income to be required to file taxes and enough income to be able to afford to pay for insurance, then you must get insurance. If your income is low enough that you don't have to file taxes, then you don't have to enroll. If you try to enroll and it tells you that your income is too low for it to offer anything "affordable" for a person with your income, then you don't have to enroll.

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Judy last week

If you don't, you'll have to pay a penalty when you file your income tax. And if you need medical care while you're uninsured you'll have to pay for it yourself.

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Erik last week

They have something called COBRA if you're in between jobs. But I wouldn't bother. Finding another job is far more important, worry about that.

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R T last week

If you don't have enough income to file a tax return, the IRS will not be checking.

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Lolly last week

First thing, apply for unemployment. Then applly for healthcare, it will probably be free or very reasonable.

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Elijah Tenenbaum last week

then you won't have insurance.
You won't pay the ACA fee, but a lapse in insurance coverage will probably result in you paying higher premiums when you do get insurwnce again in the future

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amy lynn last week

You do not have to enroll in anything.
However, if you are low income and between jobs, you would probably qualify for free insurance through a program in your state.
If you decide you can't afford insurance right now, then just don't worry about it. You DO NOT pay higher premiums when picking up health insurance in the future just because of a lapse in coverage. That only applies to auto insurance.
When you file taxes for this year, (in the spring of 2018) you probably will not pay any fines for not having insurance if you was covered for at least nine months during 2017.
When you file taxes next year (in the spring of 2019 for the year of 2018), then if the fines still exist, you might pay a fine if you didn't find insurance coverage during that year. But, by that time, Trump might be able to get those fines removed......maybe. Also, if your income is low enough, the fine would be waived even if you don't have insurance.
You would also need to pay for all your medical care out of pocket without insurance to assist.

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