Open enrollment for Health Insurance Marketplace (or ACA) plans has started! Here are some helpful tips to make the ACA enrollment process smoother and ensure you get the coverage that’s right for you.
1. Review Your Current Plan
If you already have a plan, start by reviewing your coverage and costs from the past year. Consider any changes in your health needs or if you were satisfied with your current coverage.
2. Know the Key Dates
Open Enrollment Period: November 1st – December 15th (most states).
Coverage Start Dates: Enroll by December 15th for coverage starting January 1. If you enroll after that but by the end of Open Enrollment, coverage typically starts February 1.
Missing these deadlines means you’ll need to qualify for a Special Enrollment Period to sign up later.
3. Understand Subsidy Options
Many people qualify for subsidies that can significantly lower premiums or out-of-pocket costs. Make sure to check if you’re eligible based on your income level.
4. Compare Your Options Carefully
Plans differ in coverage, costs, provider networks, and drug formularies. Take time to compare not only premiums but also deductibles, co-pays, and which doctors or hospitals are included.
5. Estimate Your Healthcare Needs
Consider your upcoming healthcare needs. If you anticipate needing more medical services, a plan with a higher premium but lower out-of-pocket costs may save you money.
6. Consider Alternative Options
Health share plans, though not ACA-compliant, may be an affordable option for some. Be sure to speak with an agent to understand how these work and whether they’re right for you.
7. Have Essential Information Ready
Gather details like your Social Security number, income estimates, and information about your current coverage. This will make the enrollment process faster and smoother.
8. Use a Licensed Agent
ACA plans can be complex, and an agent can help you understand your options, qualify for subsidies, and find a plan tailored to your needs.
9. Don’t Wait Until the Last Minute
Enrollment can take time, so start early to avoid the stress of last-minute decisions. Begin researching options and speaking with an agent as soon as enrollment begins.
10. Double-Check for Accuracy
Before submitting, make sure all details are accurate to avoid delays or issues with coverage activation.
Following these tips will help you find the most suitable coverage and avoid surprises down the road. Need more information or enrollment details? Our team of licensed agents are ready to help you find the healthcare coverage that works for you! Just click the button below to get a call back.