Thursday, January 30, 2014

Obamacare: You're not insured until you pay

 
 
 

Just because you've picked an Obamacare insurance policy doesn't mean you've got coverage.

If you want to be insured come Jan. 1, you have to pay your first month's premium by your insurer's due date, often Dec. 31.
Sounds simple enough, but federal officials and insurers are concerned that many consumers don't realize they have to take this last step and will remain uninsured. What's more, those who don't pay by then may have their Obamacare applications terminated, forcing them to re-enroll via healthcare.gov for coverage that will begin later in 2014.