GREENSBORO, N.C. — Getting affordable health insurance can be a daunting task. That's why 2 Wants to Know turned to its experts, Catherine Sevier with AARP and Steve Edmonds of Alliance Insurance Services to answer your questions.
Fixing the 'family glitch'
A 2013 ACA rule based eligibility for a family's premium subsidies on whether the employer-sponsored insurance is affordable for the employee only, even if it's not actually affordable for the whole family.
There's now a family glitch fix. If your employer coverage is not affordable for you and your family, your entire family can now qualify for Marketplace coverage with financial assistance.
AARP has a Medicare Question & Answer Tool. The tool clarifies eligibility and enrollment requirements and provides answers to questions on Medicare’s plan options, coverage, and costs in an easy-to-understand manner.
As a resource, you can also try Medicare.gov
Enrollment for Medicare is time-sensitive. If you're eligible for Medicare when you turn 65, Medicare.gov said you have a 7-month Initial Enrollment Period to sign up for Part A and/or Part B. The period begins 3 months before the month you turn 65, it includes the month you turn 65, and ends three months after your birthday month.
If you miss that 7-month window, Scott Braddock of Scott Braddock Financial says you will suffer a 10% penalty every 12 months, and that penalty doesn't go away once you start. Braddock said you will pay a higher premium for the rest of your life.
SHIIP: Helps seniors for FREE!
NC Dept of Insurance SHIIP - Seniors Health Insurance Information Program