Want to change insurance carriers, plan designs or add family members or employees? You MUST do it during Open Enrollment periods. Once you’re enrolled in a policy you won’t be able to change again for one full year.
Medicare Open Enrollment: 10/15/17 - 12/7/17
Obamacare / Marketplace / ACA Open Enrollment: 11/1/17 - 12/15/17
Import Note: Please make special note of the shortened Open Enrollment period for the 2018 plan year. You must be signed up for insurance coverage by December 15th, 2017 to have coverage for 2018. Your only opportunity to enroll would be through Special Enrollment Period (SEP) which will be more highly regulated for 2018 then in past years.
Why you might want to review your policy?
Choosing the right healthcare policy for you and your family can be very confusing. This year, many healthcare policies will offer very different coverage in 2018 than they did in 2017. In addition, the cost of insurance may be increasing. Fortunately, Transition Health Benefits makes switching policies simple.
Preparing for Open Enrollment
To prepare for Open Enrollment think about how you used your insurance plan this year and how that may change in the year ahead. Take into account any plan design changes your insurance carrier may have implemented. Consider too, if there have been any changes to the provider networks that your insurance company uses. This can impact your costs both in terms of the monthly premium and also your potential out of pocket costs.
There are really no special documents required for Open Enrollment. But keep in mind, if you and your family are eligible for a tax credit/subsidy, you will need to know what your Modified Adjusted Gross Income (MAGI) will be for the upcoming year. The Marketplace (Healthcare.gov) may require proof of income noted during the application process.
The Transition Health Benefits Advantage
You’ll benefit from dealing with experts who fully understand your concerns and have made health insurance their sole line of business. We take great pride in being the most knowledgeable people in this segment of the business. This means we can drastically simplify your shopping experience by explaining your options to you objectively, completely and expertly. And, since we’re independent, certified insurance brokers with years of experience - you you know that you can trust our advice.