Now that open enrollment has ended, most people are settling into the new year and their new
health insurance plans. But what does the end of open enrollment really mean?
An important part of the Affordable Care Act (ACA) was removing pre-existing conditions from
the underwriting process; this means that during open enrollment you cannot be denied coverage, but this also means that outside of the open enrollment period you cannot change your plan, or company, without a qualifying event.
In the mean time, settle in and explore your plan. Make notes of what works or doesn’t work for you so that next year during the open enrollment period you can make an informed decision about the plan that works best for you. Is the deductible the most important part of the plan for you? Do you have a special prescription that you need to have covered or perhaps you have a major surgery planned? These are all items to take into consideration when choosing a plan.
Just remember, insurance isn’t designed to cover everything, so it is important to review your coverage and learn how your company and plan covers procedures, prescriptions, labs, and so forth.
When 2015 open
enrollment starts in the fall, these notes will help you and your licensed
health insurance agent better choose a plan that works for you. In the meantime, if you have any questions,
call our office.