Filed Under:Markets, Employee Benefits

What to know about the March 31 PPACA deadline

(Associated Press photo/Jon Elswick)
(Associated Press photo/Jon Elswick)

After all the waiting and all the fuss, there’s now less than a week to go until Obamacare’s big deadline. March 31 is the last day to sign up for health care coverage under the Patient Protection and Affordable Care Act or face a penalty (or tax) under the law.

Here’s what to know about the deadline.

Also this month, the Obama administration said enrollees in the federal Pre-Existing Condition Insurance Plan will have another month to stay there while they search for coverage. Sick patients on the temporary health plan now can buy an additional month of PCIP coverage through April 30.

The PCIP program was due to end on March 31, but the extension was granted amid concerns that some of the nation’s sickliest patients won’t be able to find and buy health coverage ahead of the deadline.

The subsidies

Subsidies under the law are meant to make health care coverage under the law more affordable. Premium tax credits for 2014 plans were designed to lower premium costs for people with household incomes between 100 percent and 400 percent of the 2013 federal poverty level ($11,490 to $45,960 per year for an individual).

Navigators will stick around

The team of some 30,000 exchange enrollment workers the administration has created won’t disappear April 1.

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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