What Is the Open Enrollment Period & Why Vivna Insurance Is the Right Choice for You!
What is Open Enrollment
You have likely heard of the Open Enrollment Period for acquiring new health insurance for you and your family. If you haven’t, the below information should help you understand how Open
Enrollment works, what it is, and what it means for finding the best, most cost-effective health insurance plan during the open period for you.
What Specifically is Open Enrollment
Open Enrollment is a specific period of time once a year when individuals can enroll in a qualified healthcare plan for themselves or their families through a private insurer like Vivna Insurance, or the federal marketplace.
How Long Does Open Enrollment Last?
Open Enrollment typically runs six (6) – eight (8) weeks. In 2020 it begins on November 1st and runs to December 15th , 2020. It is during this six (6) week period you may enroll in an individual or family health insurance program.
How Does Open Enrollment Work for Me?
During the six-week open enrollment period, you may sign yourself and/or your family in a new health insurance program for the next year. You can purchase that plan from Vivna Insurance, or through the federal marketplace if you are qualified to do so. Make note, however, if you go to the marketplace, not all plans available are there. Individual insurance companies like Vivna Insurance can offer more choices, and even offer alternatives that may better benefit your situation both financially and with the right coverage you require. Call Vivna Insurance today and speak to one of our licensed insurance agents if you would like helpful assistance in choosing a direction and a new plan for you and your family.
What Happens if I Miss the Open Enrollment Period
You should make every effort to enroll or renew your health insurance plan prior to December 15th to continue or have new coverage in the coming year. Should you have missed the deadline of December 15th, you may not be able to gain health insurance coverage unless you have a qualifying life event, such as getting married, moving to a new state, or having a child. If you have a qualifying life event, you get a special enrollment period to purchase coverage. If you don’t have a qualifying event, you will need to wait until the next open enrollment period to purchase health insurance. Alternatively, if you do miss open enrollment, there are alternatives such as “Health Share” plans that may make sense as an individual or for your family, and give you the coverage you are looking for as well.
Can I Buy Health Insurance at Any Time, vs. Open Enrollment?
The best time to purchase health insurance is during the open enrollment period, or if you qualify for a special enrollment period as indicated above. If you missed open enrollment, you may qualify for a Health Share Plan, and should speak to one of our Licensed Insurance Agents today!
What Is the Special Enrollment Period
The Special Enrollment Period is a also called a qualifying life event, such as one of the following:
- Job loss and loss of your core benefits
- COBRA loss of health benefits
- A child’s birth
- Permanent relocation to another state
- Change in citizenship
- A new foster child
- Change in named legal guardian
- New adoption
- Death of a previous policy holder
- If you are newly eligible for government assistance
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