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Medicare and Federal Healthcare Reform Dates

By September 3, 2013Fogle Blog

We are fast approaching some important enrollment dates for the citizens of the United States – both in Medicare and Federal Healthcare Reform. Here are the dates you need to keep in mind any Medicare recipient wishing to make changes to his or her coverage must do so during this time frame.

Medicare Healthcare Dates Printable PDF Version

 Medicare and Federal Healthcare Reform Dates

Medicare

October 1, 2013: Medicare Marketing Begins

October 15, 2013: Annual Open Enrollment Period Begins

December 15, 2013: Annual Open Enrollment Period Ends

January 1, 2014: Effective Date of Medicare Changes and

Medicare Policies with No Changes

ACA (Federal Healthcare Reform)

October 1, 2013: Initial Enrollment Period (IEP)

January 1, 2014: 1st Effective Date for ACA Policies

March 31, 2014: End of IEP

Any Medicare recipient wishing to make changes to his

or her coverage must do so during this time frame.
This is the beginning of enrollment for the new

Affordable Care Act (ACA), also called Federal Healthcare Reform or “Obamacare”

– Employer Small Groups (under 50 employees) and Individuals
This includes changes from a Medicare Supplement

policy to a Medicare Advantage policy and vise-versa.
Everyone without current federally –approved medical

coverage is required to enroll in the ACA plans for a January 1st, 2014

effective date.
During the AEP (Annual Enrollment Period), a Medicare

recipient may change insurance companies which offer Medicare supporting

products at this time, as well.
Small Employer Business Groups will be allowed to

take advantage of Small Business Tax Credits, if they enroll their

groups through the Insurance Marketplace or “Exchange.” Currently, there

are no fines in place for groups of under 50 Full-time Equivalent (FTE)

employees.
For individuals who are not enrolled in an

Employer-Sponsored, approved Group Health Insurance plan , a government

plan (such as Medicare, Medicaid, Tricare, etc.) or are deemed as a

“hardship” case are required to have a plan in place by January 1, 2014.
Those who do not enroll by the end of the IEP

(Initial Enrollment Period) which is 10/01/2013–03/31/2013, will be

assessed (the greater of) $95 per household adult, ½ per household child

or 1% percent of the househo

 Keep up-to-date on all the ACA and Medicare updates by following our blog and Like us on Facebook…or give us a call. We’ll be happy to walk you through the transition and changes every step of the way!