As a result of the Affordable Care Act (ACA or ObamaCare), an acronym that has been around for a while has escalated in popularity especially lately! Have you heard of QLE? Qualifying Life Event is now a major barrier or door opener in the world of individual medical insurance. Before ACA, one could appl
y for medical insurance coverage anytime they had the need. There was no enrollment period, no QLE and the variety of plans at affordable prices were available just about anywhere insurance was sold! This year going forward – it’s all different! We are all now getting acquainted with an enrollment period in order to apply for medical insurance. If you don’t enroll during that time segment (this year from November 15, 2014 to February 15, 2015), you are required to have a QLE in order to enroll. So what are the Qualifying Life Events that will permit you to enroll outside of the open enrollment period? Here is the latest released list!
y for medical insurance coverage anytime they had the need. There was no enrollment period, no QLE and the variety of plans at affordable prices were available just about anywhere insurance was sold! This year going forward – it’s all different! We are all now getting acquainted with an enrollment period in order to apply for medical insurance. If you don’t enroll during that time segment (this year from November 15, 2014 to February 15, 2015), you are required to have a QLE in order to enroll. So what are the Qualifying Life Events that will permit you to enroll outside of the open enrollment period? Here is the latest released list!- Renewal of a grandfathered or non-grandfathered individual major medical plan in 2014
- Return from active military service
- Release from incarceration
- Gain of immigration status or citizenship
- Permanent move to a new state
Involuntary loss of minimum essential coverage due to:
- Discontinuation of a current plan that does not meet health care reform requirements
- Legal separation
- Divorce
- Termination of domestic partneship or civil union **
- Change in full-time employment status
- Loss of employer-sponsored insurance as a result of:
- Voluntary or involuntary termination of employment
- The employer no longer is offering coverage
- Death of a parent or spouse
- Change in dependent status as a result of turning 26
Gaining or becoming a dependent due to:
- Marriage
- Birth of child / children
- Placement for adoption of child / children
- Domestic partnership **
- Adoption of child / children
- New appointment of guardianship
** In applicable states
Big change? You bet! Complicated? In many ways, yes! Can we help? We will do our best to give you the counsel you need to make good decisions regarding healthcare for you and your family. We can be reached at info@BentonWhite.com or call any of our team at 615.377.1212. We’re here to help!
