Healthcare signup deadline fast approaching

WASHINGTON, D.C. (WIAT) — The White House is making a full-court press to get Americans signed up for health insurance under the Affordable Care Act.

March 31st is the deadline to purchase a policy for 2014. After that date most Americans won’t be able to sign up for a private plan until open enrollment begins again in November. There are some exceptions like if you experience a major event, like a divorce or job loss. But if you already receive Medicare, or get your health insurance through your employer, you don’t have to do anything.

People who did enroll in plans under the Affordable Care Act will have a payment due on April 25th, with coverage to start on May 1st. Those with plans that don’t comply with the new rules of the Affordable Care Act can keep those plans until 2016. Those who aren’t covered after March 31st will pay a penalty on next year’s tax return. The penalty will be $95 per adult, plus $47.50 for every uninsured child under age 18; or, 1% of your income, whichever is higher.

Copyright 2014 WIAT-CBS42

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