Health Insurance Insights
Open enrollment for plans through the Affordable Care Act runs between Nov. 1 and Jan. 15, in most states. It allows you to choose a new health plan or make changes in your current one.
Open enrollment is a time to make changes to your health insurance plan or to buy a different one.
When open enrollment is for you depends on how you get insurance.
- Most people get their insurance through an employer. Open enrollment for businesses varies. The company makes that decision. Check with your health resources department to find out when your company holds open enrollment.
- Most people who get individual insurance or through the Affordable Care Act (ACA) exchanges have between Nov. 1 and Jan. 15. There are a handful of states though that have their own open enrollment period.
Key Takeaways
- A special enrollment period is a time that people can sign up for health insurance or make changes if they have a qualifying life event.
- There are many ways to buy a health insurance plan. The easiest way is through the marketplace, but you can also buy it from an insurance company.
- If you are healthy, and do not use that many medical services, you might want a plan with a lower premium such as a bronze or silver plan.
Affordable Care Act open enrollment is usually Nov. 1-Jan. 15
Open enrollment for plans through the Affordable Care Act starts Nov. 1 and goes through Jan. 15. In order to get coverage to start on Jan. 1, you'll need to select a plan by Dec. 15.
Some states have longer open enrollment periods:
- California -- Nov. 1 to Jan. 31
- District of Columbia -- Nov. 1 to Jan. 31
- Idaho -- Nov. 1 to Dec. 15
- Maryland -- Nov. 1 to Dec. 15
- Massachusetts -- Nov. 1 to Jan. 23
- New Jersey -- Nov. 1 to Jan. 31
- New York -- Nov. 16 to Jan. 31
- Rhode Island -- Nov. 1 to Jan. 31
Special Enrollment Period
A special enrollment period is usually only available to people who face qualifying, such as losing their coverage, having a child, getting married and moving. During this special enrollment period, you can go to healthcare.gov to get started. If your state has its own marketplace, the federal site will connect you to the state website.
While on the federal or state site, you enter information, such as where you live, your household income and size. With that information, the site provides you with plan choices as well as cost estimates for the plans. Those cost estimates will include any potential cost-reducing subsidies that can reduce the cost of your coverage.
Something that is new in 2022 is that people with income up to 150% of the federal poverty level ($19,320 for single person, $32,940 for family of three) will be able to sign up for marketplace coverage every month. The Centers for Medicare and Medicaid Services estimates that about one-third of marketplace plan members will qualify for this monthly special enrollment period.
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Click here to request more infoMedicare Insights
Whether you are looking for a new Medicare plan or looking to change your existing plan, we want to help you choose the right plan to fit your lifestyle and budget!
Let us help you choose your the best Medicare program.
Click here to request more infoIt’s Annual Open Enrollment for Medicare.
Whether you’re new to Medicare or looking to change your existing plan, we want to help you choose the right plan to fit your lifestyle and budget!
About Medicare's Annual Election Period (Fall Open Enrollment)
Every year between October 15 and December 7, current Medicare enrollees can change their Medicare coverage. This is the perfect time to explore a Medicare Advantage (Part C) plan that might better fit your needs. We’ll outline what you need to know as you consider your options and we’re always here to answer any questions!
| October 14, 2021 | Medicare Annual Enrollment period begins |
|---|---|
| December 06, 2021 | Medicare Annual Enrollment period closes |
| January 01, 2022 | New Medicare coverage becomes active |
What is Medicare Advantage?
Medicare Advantage is also referred to as Medicare Part C or simply Part C.
You cannot have a Medicare Advantage plan and Medicare Supplement insurance at the same time.
It’s an alternative way to get Medicare coverage through a private insurance company instead of directly through the federal government. If the Medicare Advantage plan you choose does not cover prescription drugs you can add a Medicare Part D plan which is specifically for prescription drug coverage.
You must already be enrolled in Original Medicare (Part A & Part B) to qualify for Medicare Advantage.
Auto Insurance Insights
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Unsure of Your Auto Insurance Needs?
New auto, used auto, an individual or family — it takes just a few minutes to learn what you need and get moving. Take advantage of our competitive research and articles to better understand auto insurance with car insurance comparisons. If you already have a good grasp on things, then Insurequotestoday.com can also provide more information on how you can save on auto insurance and ways to shop for it as well. Our “auto insurance comparison made easy” section can guide you through the most common questions asked in regards to auto insurance.
Once you have multiple auto insurance offers, what’s next?
Is there a way to get one auto insurance quote comparison to find the best auto insurance policy for you? Do you go with the cheap auto insurance policy or more complete coverage? Let Insurequotestoday.com help you choose your insurance by comparing insurance quotes. There are more options than just accepting the state minimum guidelines. In fact, car insurance is a risk mitigation policy. Say as a salesperson you drive a thousand miles a week; the chances of you being in a fender bender are greater annually. Selecting the right car insurance will keep you out of harm’s way when it comes to legality.
Let us help you choose your the best auto insurance program.
Click here to request more infoHome Insurance Insights
Home insurance is necessary to protect not just your belongings, but also your physical home. While no amount of money can replace pictures of your children, the coffee table you bought when you first got married, or the energy that you put into making your house a home, home insurance exists so that when you start over from a theft or storm or fire, that you don't have to go into your own pocket to begin anew.
Home Insurance Basics
Before you sign any policies, it's important that you know the home insurance basics so that you make an informed decision with full context. Don't be alarmed if you paid $200,000 for your home and it's only insured for $100,000. Remember that your lot has value even without a house on it, and that property won't burn down even if the house does. So the "dwelling" coverage is always going to be less than what you paid for the house.
Home Insurance Dwelling
Property/Dwelling/Contents There are three figures that will surround any policy: the cost of the property (what you paid for your home), the dwelling insurance rate (cost to replace your home in full), and your contents rate (cost to replace all of your possessions).
"Contents" is basically anything that would fall out of your home if you turned it upside down and shook it. If you own a lot of expensive things, it's best to: get higher contents insurance and video tape your belongings to prove to adjusters what you own in case you ever need a claim for your home insurance.
What's Not Included, Home Insurance Riders
There will be a few things that are not going to be covered under the typical home insurance policy. Anything that is not covered on your policy, but is covered on a separate, appended policy is called a "rider." For example Jewelry is covered, but usually only up to $1,000. To protect any family heirlooms or your wedding ring, you'll need to take out a separate rider for those items. Another example would be Home Flood insurance, which is often required in certain areas, is a separate piece to your home policy. The same goes for wind and hail.
Is Home Insurance Required?
If you are buying a house, you will need to secure home insurance before you close. The bank will require this so that you protect their investment. If you own your house outright (i.e. there is no mortgage on it), you technically do not have to carry home insurance. It's a great idea so that you don't get left holding a big bill and nowhere to live should the worst occur, but technically, it is your property and if you don't want to insure it, you don't have to. The wise thing to do is to keep a home insurance policy even once the title is transferred upon payoff.
The Hidden Secret of Home Insurance
Here's the thing. Just like the gas station and the grocery store, insurance companies are constantly changing their rates. When they go through a low claim period, they have more revenue and can offer bigger discounts. During a high claim period, rates often go up. So the idea is to research home insurance at least twice a year to see if there are significant savings at other agencies. Homeowners have saved as much as $1,000 a year on the exact same policy just by researching.Remember you can always save on home insurance.
Let us help you choose your the best home insurance program.
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