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Deadline Approaches for Health Insurance

March 31 will be here before you know it.
If you're uninsured, you have less than two weeks to sign up for the Affordable Care Act.

That's because open enrollment for 2014 is about to end.

But many still have questions about signing up for health insurance.
 
The Department of Health and Human Services says 5 million people have now signed up for coverage under the Affordable Care Act.
   
But if you aren't one of those people, the clock is ticking.

Debra Hammer from the New Mexico Health Insurance Exchange says,"March 31 is the end of open enrollment and that means that's the last time you can buy insurance off the exchange for 2014.  Otherwise you have to wait for open enrollment to open up again in the fall to get insurance for 2015."
  
She says if you miss the deadline, you risk more than just paying out of pocket for doctor's visits.

Next year, on your tax return, you could be fined $95 or 1% of your adjusted household income, whichever is more.

"So for a lot of people they may think 95 dollars isn't a big deal, but if you make say $36,000 a year,  it would be 360 dollars,"says Hammer.
    
You can sign up for the Affordable Care Act through healthcare.gov.
   
When you go to log on, make sure you have a few things.

You need to have last year's tax information for you and your family, projected incomes for this year, medical history, social security numbers, and employer and income information for every member of your household who needs coverage.

The administrator for the centers for medicare and medicaid services, says the last several days have been some of the busiest for healthcare.gov.

She says  the site saw more than 4 million visits last week.
 
New Mexico has a state run health insurance exchange.

Texas and Oklahoma do not.

The Congressional Budget Office predicted about seven million people nationwide will sign up by the deadline.
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