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.)