Wednesday, November 12, 2014

2015 Health Insurance Exchange: What you need to know

You can easily become overwhelmed with all the information about the health insurance exchanges. Here is a brief overview and some important dates.

What is the health insurance exchange?  The exchange is a public marketplace for health care consumers, providers, and insurers. The goal of the exchange is to increase access to care and provide affordable care.

Open Enrollment begins November 15th. You must be enrolled by December 15th for a January 1st effective date.

February 15th is the last day to enroll for coverage through the exchange for 2015. This will give you a March 1st effective date. If you miss this deadline, you cannot enroll for 2015 coverage without a qualifying event.

If you are not enrolled in coverage in 2015, you may have to pay a fee. Don’t wait to enroll.

If you have Medicare coverage, you are not eligible to get medical or dental coverage through the exchange.

Does your employer offer health insurance? If not, you could be eligible for subsidized exchange coverage. Use our calculator to find out if you qualify.

Pre-existing conditions cannot be denied.  No insurer can reject you, charge you more, or refuse to pay for benefits.

All insurance plans offered through the exchange must cover the same set of essential benefits.

Children up to age 26 can stay on their parents plan.

Questions,  contact us!

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