If you choose coverage under the Affordable Care Act (ACA), open enrollment is a critical deadline you won’t want to miss. Open enrollment is that time when new members can enroll and existing policyholders can switch plans to provide a different level of coverage.
While your state’s open enrollment dates may differ, national open enrollment for the policy year 2022 begins on November 1 and ends December 15. Some states, such as California, Colorado and Connecticut, offer slightly longer periods.
And while you may request a change on day one of open enrollment, those changes aren’t effective until January 1, 2022.
What Can I Do in Open Enrollment?
During open enrollment, you can initiate ACA coverage for yourself and/or your family. Absent a “qualifying event,” which means a major life event like a divorce, marriage or loss of group health coverage, open enrollment is your only time to obtain coverage.
During open enrollment, you can also change plans. There are four ACA plans, from the leanest to the richest benefit offerings: Bronze, Silver, Gold and Platinum.
Additionally, you can choose from several access plans, from a preferred provider plan to a health maintenance plan. You may have initially chosen a Bronze plan with a health maintenance organization due to its lower cost. If you find that plan too restrictive, you may want to consider a richer plan with a wider range of providers.
Choosing the right insurance plan for your unique health needs is one of the most important decisions you will make this year. As you can see, choosing the best plan for you and your loved ones is more complex than just punching a few computer keys. Call or email us today, and we can help you make the better choice for your insurance coverage.