When should you enroll for Health Insurance? By Atlantic/Smith, Cropper & Deeley 11/14/2014 Open Enrollment Period The Open Enrollment period for 2015 coverage is November 15, 2014 to February 15, 2015. If you haven’t enrolled in coverage by then, you generally can’t buy Marketplace health coverage for 2015 until the next Open Enrollment period for coverage the following year. If you’re enrolled in a 2014 Marketplace plan, your benefit year ends December 31, 2014. To continue health coverage in 2015, you can renew your current health plan or choose a new health plan through the Marketplace during the 2015 Open Enrollment period. If you don’t have health coverage during 2015, you may have to pay a fee. The fee in 2015 is higher than it was in 2014 — 2% of your income or $325 per adult/$162.50 per child, whichever is more. Enrollment and coverage start dates During Open Enrollment, if you enroll: Between the 1st and 15th days of the month, your coverage starts the first day of the next month. Between the 16th and the last day of the month, your coverage starts the first day of the second following month. So if you enroll on January 16, your coverage starts on March 1. You may buy Marketplace insurance outside Open Enrollment only if you qualify for a Special Enrollment Period due to a qualifying life event such as marriage, birth or adoption of a child, or loss of other health coverage. There is no limited enrollment period for these programs. You can apply any time. If you’re qualified, you can enroll immediately. Please contact our Health Insurance expert Kip Martin at Atlantic/Smith, Cropper & Deeley, if you have any questions about your Health Insurance plan.