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2016 Health Insurance Open Enrollment Is A-Coming

July 31, 2015

Similar to the famous song from the musical “The Music Man”, O-ho the Open Enrollment is a-comin’ so the more you are aware of what open enrollment means the better prepared you will be when it comes to making and changing your health insurance coverages to best suit your needs.

So what is Open Enrollment?

It is the window during which you can enroll in a plan or CHANGE your existing coverage. Open enrollment for 2016 starts November 1st of this year and continues through January 31, 2016.

Why do you care?

For those who enrolled in a plan last year, this is the time you get to make changes such as changing coverages (increase or decrease coverage options), change plans (increase or decrease copayments), change annual deductibles, and prescription drug coverages.

What if I miss the Open Enrollment?

The open enrollment period occurs once a year. However, if you have a significant change in your personal circumstance (i.e. getting married or losing coverage offered by your job), there is a 60-day window that you may be able to purchase or change your coverage outside of the open enrollment period through what is considered a Qualifying Life Event (QLE).

When does my 2016 Health Insurance start?

  • Sign up by December 15, 2015 to start your insurance by January 1st
  • Sign up by December 16, 2015 to start your insurance by February 1st
  • Sign up between January 16 and January 31, 2016 to start you insurance by March 1st

The Affordable Care Act (ACA) has made strides in attempting to bring affordable care to all. However, it is important to understand the guidelines as they apply to your unique situation. There are many resources to assist you in understanding these guidelines and welcome the chance to help you get “thump’n thpethyul just for you”.

Medicare, Medicaid, and employer-based coverages have separate enrollment periods so check back in the near future for specifics regarding these types of health insurance coverages and options.

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