From November to January is a special magical time. It’s called “open enrollment” when you can switch your health insurance plan.
If your health insurance is through your employer, you can probably sit this one out.
But if you got your insurance through the federal exchange last year and you qualified for a subsidy to help with the premium too. Mazel Tov. If you went through the federal exchange… you’ll be automatically reenrolled--- same plan… same subsidy.
You don’t want to do that.
Plans change each year. Costs will likely change… and you could even find yourself connected with a different network of doctors.
Also, if you earned more money this year, or less, and you bought your plan through healthcare.gov you should go through the process again because it will change the amount of the subsidy you qualify for. You don’t want to have to repay a subsidy you didn’t qualify for at tax time. That would be a bad day.
So be ready to shop for the best deal all over again. At the end of the day… you could save money… and have the comfort of knowing you’re covered.
Do us a favor. Tell your friends about us so they can be smart about their money too.
