Why can’t I buy Health Insurance anytime I want?

We received a call today from someone looking to buy health insurance right now.  They had individual health insurance and let it cancel for nonpayment several months ago.  Here is why they cannot sign up for health insurance now.

  • The Affordable Care Act established enrollment times when someone can sign up for health insurance.  (Annual Open Enrollment and Special Enrollment Periods)
  • Since we are not in Annual Open Enrollment, you must have a Special Enrollment Period qualifying event.  Letting existing insurance cancel for nonpayment is not a qualifying event for a Special Enrollment Period.

Unless they qualify for a Special Enrollment Period, they are unable to buy ACA compliant health insurance for the remainder of the year.