Individual health insurance deadline is Jan 15
Jae Oh, CFP author of "Maximize Your Medicare" discusses deadlines and extensions for health insurance.
Key Takeaways
- Enroll by December 15th to have health insurance effective January 1st, even if the formal deadline is January 15th
- Review your Advanced Premium Tax Credit (APTC) annually—your age, employment status, and taxable income changes can significantly alter your premium and subsidy amounts
- Enroll early by December 15th to access preventative care appointments and screenings in January, then use the January 15th deadline to adjust your plan if needed based on new health information
- Shop for new plans even if you're already enrolled, as your coverage needs and costs may have changed since last year
Jae Oh, CFP author of "Maximize Your Medicare" discusses deadlines and extensions for health insurance.
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