If you have a 2015 plan through the Health Insurance Marketplace, you have limited opportunities to make changes outside the Open Enrollment Period.
The deadline for changing or enrolling in a 2015 plan was February 15, 2015.
Changing 2015 plans: With Special Enrollment Period only
You can change Marketplace insurance plans outside Open Enrollment only if you qualify for a Special Enrollment Period due to a life change like getting married, having a baby, or losing other coverage.
Updating your 2015 coverage: All year when you have life changes
You should update your 2015 Marketplace information all year by reporting any changes to your income and household.
- Some changes – like having a baby, adopting a child, getting married, or losing other coverage – will qualify you for a Special Enrollment Period.
- If you report an income change but don’t qualify for a Special Enrollment Period, you can adjust the amount of premium tax credit you take in advance every month. This will make sure your savings stay right for your income level all year.
- If your income goes up, you may be taking more advance payments of your premium tax credit than you qualify for. If you don’t report the change, you may have to pay money back on your next federal tax return.
- If your income goes down, you may be able to take more advance payments of your premium tax credit, lowering what you have to pay for premiums each month. You also could qualify for free or very-low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP) instead of a Marketplace plan.
Cancelling your 2015 plan
If you get other health coverage during the year or for some other reason need to cancel your 2015 health plan, you can do that any time. You can cancel coverage for everyone in your household or just certain people.