What You Need to Know About Open Enrollment

Information About the 2019 Open Enrollment 

Open enrollment season is underway, and many of us are not yet prepared. Open Enrollment for 2019 individual market coverage, both in the exchange and off-exchange, began on November 1, 2018, and will run until December 15. Your coverage will start on January 1, 2019.

Know how health insurance works. Health insurance doesn’t always cover 100 percent of your expenses, and there’s usually an out-of-pocket limit. Be mindful that once you hit that limit, your insurance will pay 100  percent of health care costs. This is where the difference between premiums and deductibles comes in. Your premium is your monthly running cost of insurance, whereas your deductible is the amount of money you need to pay out of pocket before your insurance company kicks in. Keep in mind that there’s a co-pay, which is what you are responsible for paying each time you get a medical treatment, visit a specialist, or fill a prescription once your deductible is met.

This is the time to make changes to your current plan.

During open enrollment, you can renew your current individual/family health insurance plan or you can choose a new health insurance plan through the marketplace or through private insurance. If you are currently enrolled in a marketplace health insurance plan, it will automatically renew. However, the plan may make changes to its provider network, co-pays, and drug coverage. Take time to read this notice so that you know the updated terms.

Marketplace open enrollment is only for health insurance.

Keep in mind that open enrollment is not for auto, home, life, or business insurance. These are coverages you can purchase at any time of the year. Open enrollment is solely for health insurance coverage.

Looking to get health insurance coverage quickly and easily? Contact UniVista Insurance for quality coverage that protects you throughout the year. Our team are ready to help you find the right policy.