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Insurance Gap between job change?

My wife and I are moving and starting new jobs very soon. She leaves her current job on 10/9 and I leave mine 10/16. We plan to enroll together under my future employer's health insurance plan when I start 11/9 however coverage would not start until 12/1.

I know there are penalties under ACA for not having coverage but I also understand there are exemptions. If I've read this right, at https://www.healthcare.gov/fees-exemptions/exemptions-from-the-fee/ for 2015 we would be exempt from the penalty for being uninsured for no more than 2 consecutive months (we've been fully covered so far this year).

Am I correct in that the penalty won't apply? We would thus only be w/o coverage from 10/9 & 10/16 respectively (on separate plans now b/c we had both hit our deductibles before we got married). We will probably get some kind of short term coverage that wouldn't meet ACA's minimum requirements but at least backstop us if something bad were to happen.

Thank You

Sep 30, 2015 by Colin from Oak Creek, WI in  |  Flag
2 Answers  |  3 Followers
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Colin I would contact Assurant. They offer a short term major medical plan that would cover your 2 or 3 month gap. This way, you wouldn't need to be concerned with a gap in coverage should something occur. I believe you could apply on-line.

Tom Doncaster CLU, CWM, RFC

3 Comments   |  Flag   |  Sep 30, 2015 from Kennewick, WA

Thanks for the advice. However my question is not pertaining to acquiring coverage but confirming if we pass on coverage (or get coverage that doesn't meet the minimum requirements under ACA) that there won't be penalties under ACA as the gap is only 2 months (though technically it is only going to be for about 45 days).

Flag |  Sep 30, 2015 near Oak Creek, WI
Thomas Gordon Doncaster

ACA does not impose penalties when a gap in cover is 90 days or less.

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Flag |  Sep 30, 2015 near Kennewick, WA
Thomas Gordon Doncaster

In addition, however, in some states there could be a waiting for pre-existing conditions when there is a gap in coverage.

Flag |  Sep 30, 2015 near Kennewick, WA

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Despite the lack of penalty, I would strongly suggest enrolling in Cobra for this brief period

Comment   |  Flag   |  Oct 02, 2015 from Manhattan, NY

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