Facts You Need to Know for a Successful Open Enrollment, Part 5

Open Enrollment, which begins November 15th is only five weeks away.  Understanding the basics can help you take advantage of this important time period.  Brought to you by REALTORS® Insurance Marketplace, this nine part series will help you learn important facts about this year’s Open Enrollment.

5.           Qualified Health Plans, defined.
Under the Affordable Care Act, an insurance plan must be certified, provide essential health benefits (see list below), follow established limits on cost-sharing (deductibles, co-payments, and out-of-pocket maximums), and meet other requirements. Plans that meet this requirement are called Qualified Health Plans (QHP).

For more information please watch for our next part in this nine part series, posted weekly.

(Pssst…If you can’t wait to see all 9, click here.)

 

Facts You Need to Know for a Successful Open Enrollment, Part 4

Open Enrollment, a key part of the Affordable Care Act, begins November 15th! It seems like the distant future, but really that’s only six weeks away. That’s only a month and half! Understanding the basics can help you take advantage of this important time period.  Brought to you by REALTORS® Insurance Marketplace, this nine part series will help you learn important facts about this year’s Open Enrollment.

 

4.     Most policies will automatically renew on January 1.
Renewal policies may vary from carrier to carrier. If you are already enrolled in a qualified health plan and don’t make any changes, it is likely that your policy will automatically renew on January 1, 2015. However, you should always check with your current insurance provider to verify their renewal policy.

 

For more information please watch for our next part in this nine part series, posted weekly.

(Pssst…If you can’t wait to see all 9, click here.)

Facts You Need to Know for a Successful Open Enrollment, Part 3

Open Enrollment begins in seven weeks!  Understanding the basics can help you take advantage of this important time period.  Brought to you by REALTORS® Insurance Marketplace, this nine part series will help you learn important facts about this year’s Open Enrollment.

3.            It ends February 15, 2015.

Once Open Enrollment ends, you will not be able to enroll in a plan again until November 2015, unless
you experience a “qualifying life event.” This can include marriage, divorce, the birth of a child,
relocation, etc. If you don’t have a qualified health plan, don’t miss this deadline! You could be subject to
the federal tax penalty.

For more information please watch for our next part in this nine part series, posted weekly.

(Pssst…If you can’t wait to see all 9, click here.)