Open Enrollment – Quick Tips

Posted by on Nov 9, 2018 in Personal Insurance

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Forms and application for health insurance coverage

The Open Enrollment for 2019 Marketplace plans began November 1st, 2018 and will close December 15th 2018.  All plans purchased during this time will go into effect on January 1st, 2019.

Many people find the process of enrolling on the Marketplace to be both intimidating and frustrating.  Here are some tips to make the process go as smoothly as possible.

Open Enrollment – Quick Tips

1. Find out if you are eligible.

A complete list of criteria can be found at https://www.healthcare.gov/quick-guide/eligibility/

2. Gather up all your documentation before you begin your application.

This includes current coverage information, household financials and size.  For a complete check-list of required information follow this link cms.gov/outreach-and-education/marketplace-application-checklist.pdf.

3. Pre-filled Applications

If you are using the pre-filled application because you had Marketplace coverage in 2018 it is still important to review your application. Update any changes to your household and income to ensure you are getting the correct rate.  Failure to do so could result in being over-charged or receiving fines for under payment.

4. Give yourself plenty of time to enroll.

Open enrollment ends December 15th, and it is easy to let the time slip by.  Set a reminder in your calendar to complete the process well in advance of the closing date.  This way if you have any challenges there is time to address them.

5. Remember there are 5 ways to apply for coverage:

 

1. Online

Visit the www.healthcare.gov/login website to apply online

2. By phone

Call 1-800-318-2596 to apply by phone

3. With in-person help

Visit https://localhelp.healthcare.gov/#/ and enter your zip code to find the closest in-person location to you.

4. Through an agent or broker

Contact our very own Kim Mondus will be happy to assist you.

5. With a paper application

Download the application  and instructions.

 

Will I be penalized if I don’t get insurance?

With the repeal of the Individual Shared Responsibility Tax in 2019 persons who do not get minimum essential coverage in 2019 will not be charged a penalty.  However, the mandate that each person have essential coverage is still in effect, and the penalty will still be enforced for 2018 on persons who did not meet the coverage requirements in 2018.  The decision to not get Health Coverage should not be entered lightly.  If your main concern for not seeking coverage is due to cost, please reach out to your local agent today.  There are more options than you may realize, and many benefits for the unemployed, students and elderly.  Please contact us today.

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