Whether you’re getting enrolled in a health care plan for the first time in a long time, your situation has recently changed, or you’re simply looking at options, open enrollment is now. Even for those who are already insured, working with health insurance under the Affordable Care Act (ACA) can be a complex task.
Millions of Americans have trouble sorting through the misinformation and determining how open enrollment affects them. This can leave you wondering where you stand when it’s time to choose a new plan. Fortunately, our health insurance experts at Value Plus Insurance can help. In this post, we’ll talk about some of the most common open enrollment questions that come up and how we can help.
What Open Enrollment Means
If you’re a little confused about the meaning of the term “open enrollment,” you’re not alone. Under the ACA, the term refers to the period of time when you can sign up for or change insurance policies. However, if you have certain qualifying events, you may be able to alter your policy outside of open enrollment.
Open enrollment occurs around the same time annually and lasts for about 45 days. In Minnesota, open enrollment begins on November 1st and lasts through December 15th. That’s why it’s important to choose a policy as soon as possible if you haven’t already.
These are the most common open enrollment questions we are asked at Value Plus Insurance:
1. Is the ACA Going to Be Replaced?
While there has been much talk about replacing the ACA, so far, no change has been agreed upon by legislators. If you enroll now, you will be covered through the next term regardless of what happens to the ACA.
2. Are Rates Going to Increase?
Insurance rates may undergo changes in the future, which means there’s always a chance they can increase. However, there are a number of subsidies available. A good agent can help you choose the best options for your financial needs.
3. Where Can I Find Affordable Health Insurance?
There are more options available on the market than most people realize. Your agent can help you determine if you qualify for subsidies, tax credits, and other options to make insurance more affordable.
Protect Your Future Health With Minneapolis Health Insurance
Whether you work from home or you need coverage that’s not available through your employer, it’s important to enroll now while enrollment is still open. Our experts at Value Plus Insurance can help match you with the best plan and will help find ways to make it as affordable as possible.
If you live in Wisconsin or Minnesota, don’t risk putting off health insurance. Speak to one of our personal insurance agents by calling us at 952-435-0550, or contact us to learn more about how we can help.