If I missed the deadline to sign up what are my options mow? If I manage to get health insurance afterwards do will I still have that $300 plus penalty next year?
If you miss the deadline then you have the following choices:
- Look into Special Enrollment
- Pay the fee for each month you don't have coverage, and go without health insurance
- Pay the fee for each month you don't have coverage, but get limited benefit short term health insurance in the meantime
That may seem like a narrow amount of choices, but on the plus side there are a good amount of qualifying life events that will allow you to enroll. There are also over 20 exemptions.
Keep your fingers crossed, there may be another option for people to enroll closer to tax time. Although, no official word is out on this as of February 20th, 2015.