Sign up for Obamacare during the Open Enrollment Period (OEP) to avoid possible tax penalties.
The Affordable Care Act (ACA or “Obamacare”) created a nationwide Open Enrollment Period (OEP) for individuals and families who need to purchase their own health insurance. For health coverage in 2016, open enrollment runs from November 1, 2015 to January 31, 2016 and is a time when almost anyone can sign up for a health insurance plan that meets the standards of the Affordable Care Act without their application for coverage being declined for medical reasons.
Outside OEP, most people cannot sign up for major medical health insurance unless they have certain major life changes called qualifying life events. People unable to buy major medical plans may consider buying a short-term health insurance policy outside of OEP, but these short-term plans have many disadvantages — they cover much less than major medical plans, do not meet the Obamacare requirements for insurance or avoiding the uninsured tax penalty, and can often reject applicants for medical reasons.
Watch our video about signing up for Obamacare
Find out about signing up for Obamacare and about important enrollment deadlines by watching this video.