2019 open enrollment season is approaching. Here are answers to some common enrollment and subsidies questions.
Open Enrollment for 2019 begins November 1, 2018, and ends December 15, 2018.
If you like wasting money, go ahead and skip this year’s Obamacare open enrollment period. The carrier’s this year for most of the state is the same as 2018 but the plans and pricing will vary from company to company and plan to plan. Many networks have changed as well. It makes sense to speak with us.
Why? Because the ACA (Obamacare) enrollment period is the one time of year that EVERYONE should reconsider their health coverage.
Taking 5 minutes to review your options during open enrollment can potentially save you hundreds – or even thousands – of dollars per year!
And if you take prescription drugs, or if you’re planning to have a baby or major surgery this year, you need to think carefully about your out-of-pocket medical costs as well as your monthly premiums.
In this article, we’ll answer the following questions for you about the 2017 open enrollment season:
- What is open enrollment and when does it happen?
- Why should you shop for coverage during open enrollment?
- What should you know about subsidies for 2019?
- Where can you shop for 2019 health insurance plans?
- Why should you shop for health insurance through Floridahealthagency.com?
What is open enrollment and when does it happen?
Simply stated, open enrollment is the one time each year when anyone can apply for a new health plan. If you buy your own health insurance, it’s critical that you pay attention to open enrollment because health insurance prices can change every year.
The ACA (Obamacare) open enrollment period for 2019 plans starts November 1, 2018, and is scheduled to end on December 15, 2018.
During open enrollment, you cannot be turned down for major medical coverage for not having certain qualifying life events.
Outside of open enrollment, you can generally only enroll in a major medical plan when you experience a qualifying life event (such as a marriage, divorce, new baby, adoption, permanent move, loss of other coverage, etc.). It appears that tax penalties will no longer be imposed in 2019.
Why should you shop during open enrollment?
You should shop for new coverage during open enrollment because it could save you money and help you avoid rate increases or negative changes to your benefits and coverage.
The fact is, even if you have health insurance, your current plan may not be the best choice for next year. Here are a few of the ways your health insurance plan may change in 2019:
- Canceled plans – Some 2018 health insurance plans will be canceled and unavailable in 2019.
- Changing subsidies – Your eligibility for subsidies – or your ability to continue receiving subsidies – may change in 2019, even if your income has not changed. In some cases, you may qualify for a subsidy in 2018 and not in 2019 if you don’t take appropriate action
- Changing benefits and costs – Insurers can change benefits, access to doctors and hospitals, and your monthly premiums – many people will see their premiums go up by 10-20% or more in 2019!
- Changing needs – Your personal health needs may have changed since last year and changes in your family could require different benefits. If your income has changed that could affect the way you should think about deductibles and other forms of cost-sharing.
What should you know about subsidies for 2019?
The Affordable Care Act made government subsidies available to certain individuals and families earning 400% of the federal poverty level or less per year. These subsidies may be applied to your monthly health insurance premiums, making coverage more affordable.
You should take special care during open enrollment if you received subsidies in 2018, or if you had changes in your income that may make you eligible for subsidies in 2019. Here’s why:
- Subsidies are not guaranteed: Just because you got subsidies in 2018 doesn’t mean you’ll continue to get them in 2019.
- Subsidies can go away if you check the wrong box: When you enrolled in subsidies the first time, you had the chance to indicate whether you’d like to have your subsidies renewed automatically each year. If you didn’t check “Yes,” your subsidies will GO AWAY on January 1, 2019, unless you actively re-apply during open enrollment.
- “Auto-Renewing Subsidies Won’t Protect you from Price Hikes: Even if you opted to auto-renew your subsidies, that doesn’t mean your monthly health insurance premiums will remain the same. Your insurance company could raise your premiums. Or, the “benchmark” plan in your area (the plan that determines the dollar value of your subsidies according to the law) could change, which could potentially reduce the value of your subsidies for 2019.
Keep it simple: if you got subsidies in 2018, or if you may be eligible for subsidies in 2019, get out there to look at new plans and re-enroll in subsidies during the 2019 open enrollment period.
Where can you shop for 2019 health insurance plans?
There are various ways you can enroll in a 2019 health insurance during open enrollment.
- Government Exchanges: You’ve probably heard about the government-run health insurance exchange in your state. Through the government exchange website, you can apply for government subsidies and enroll in a limited selection of subsidy-eligible health insurance plans.
- Private Marketplaces: Licensed private health insurance marketplaces like Florida Health Agency may be a better option. In most states, you can use private marketplaces like Florida Health to apply for government subsidies and find the same plans offered through your government exchange. But you’ll also get access to additional Obamacare plans that aren’t available through government websites. Plus, you can get personal help from licensed agents and access to terrific online tools that make it easier to compare plans and shop smart.
In addition to the options above, you may also be able to enroll through a brick-and-mortar health insurance agent in your town, or directly through an insurance company’s website.
Just remember: the BEST way to find the best plan for your personal needs and budget is to shop from a source that allows you to compare as many plans as possible from as many insurance companies as possible. You can’t really comparison shop if you can’t compare all your options!
Why should you shop for health insurance Florida Health Agency?
When you shop for coverage at Florida Health Agency during the 2018 open enrollment period, you’ll get:
- Subsidies: In Florida, we can help you apply for government subsidies that can significantly lower your monthly premiums. You’ll get the same subsidies you would qualify for through a government website, with a superior customer experience. Subsidies are only available for qualified applicants, primarily based on income.
- Service: Our website makes shopping for coverage simple, and we have licensed agents available to provide you with personal help and advice when you need it, at no extra cost to you. At Florida Health Agency we’ve been selling health insurance since 2008 and we’re rated A+ with the Better Business Bureau and a Super Service Award Recipient from Angie’s List.
- Selection: Florida Health Agency offers a huge selection of quality health insurance plans from every insurance companies in Florida both on and off the exchange. We also provide health programs that avoid tax penalties but are outside of the insurance arena.
Why shop anywhere else? Subsidies. Service. Selection. Local knowledge. Florida Health Agency makes Obamacare easy.
This website and its contents are for informational purposes only. Nothing on the website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.
Florida Health Agency is a licensed health insurance agency certified to sell Medicare products.
Medicare has neither reviewed nor endorsed this information.