The nationwide enrollment period for individual and family health insurance for 2021 will begin November 1, 2020. To help understand open enrollment and make the most of it, here are answers to some of the most common questions from health insurance shoppers.
What is the Obamacare open enrollment period?
The Obamacare law (also known as the Affordable Care Act or ACA) created specific nationwide open enrollment periods during which you can enroll in individual and family major medical health insurance plans. Open enrollment is your chance to sign up for a new health insurance plan or compare your options in the market.
When does the Obamacare open enrollment period happen?
Open enrollment for coverage for 2021 is scheduled to begin November 1, 2020 and continue through December 15, 2020 in most states.
Where can I shop for health insurance during open enrollment?
During open enrollment you can shop for new individual or family health insurance plans through different sources, including government-run health insurance exchanges, health insurance companies themselves, or through private health insurance agents and brokers, like Gregg Mann @ Cor-Ben Consultants.
If I enroll in a new plan, when does my coverage start?
In most states, coverage under a new plan selected during the 2020 open enrollment period can begin no sooner than January 1, 2021. I already have a health insurance plan.
Should I re-shop during open enrollment?
It’s a good idea to review your coverage options each open enrollment period. The health insurance plan you had last year may no longer be the best match for your needs or budget.
Do I need to reapply for subsidies during open enrollment?
The Obamacare law makes government-funded subsidies available to qualifying individuals and families with taxable income of no more than 400% of the federal poverty level. These subsidies effectively reduce the amount that you need to pay from your own pocket toward your monthly health insurance premiums. If you already have subsidies, it may be a good idea to reapply in case your income or other factors have changed.
Where can I turn for personal help and advice during open enrollment?
If you’re looking for personal help and advice in picking a new health insurance plan for 2021, consider working with a licensed health insurance broker, like Gregg Mann @ Cor-Ben Consultants. As a licensed broker, Gregg is legally allowed to make personalized recommendations based on your budget and medical needs. Gregg and his company Cor-Ben Consultants serve as your advocate to the insurance company.
To receive your personalized no obligation health insurance evaluation, please complete and submit the questionnaire below. Gregg will contact you to review your options available for 2021.