Open Enrollment for 2019 Medical Insurance Ends December 15.
Medical Insurance Premiums under the Affordable Care Act aka Marketplace depends on your age, family size (children under 26 yrs old), household income, you may qualify for an insurance plan with tax credits (incentives, help to pay premium).
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, co-insurance and drug coverage. Your plan must send you a notice of any changes it will make for 2019.
Take time to read the notice to see what it means for you. Make certain your doctors and preferred hospital are still in your network. Be aware, you may be able to use out-of-network doctors and hospitals, if you’re willing to pay more. In some cases, you might not be covered at all if you go out of network.
Your prescription drug coverage also could change. The plan may no longer cover the drugs you take to manage your chronic conditions. It’s important that you check your plan’s drug benefits for 2019 before you allow it to renew. You may need to find a different plan for your needs and now’s the time to do it.
On December 16th 2018, you won’t be able to change or enroll in a new health insurance that starts January 1, 2019. You may qualify for a Special Enrollment.
Here’s what might trigger a special enrollment period: divorce, marriage, birth or adoption of a child, death of a spouse or partner that leaves you without health insurance, your spouse or partner who has you covered loses his/her job and health insurance, you lose your job and with it your health insurance, your hours are cut making you ineligible for your employer’s health insurance plan.