5 Simple Steps for Open Enrollment
What is Open Enrollment?
Open Enrollment Period is the yearly timeframe when you can enroll in individual health insurance plans. The Open Enrollment schedule typically runs from November 1 - December 15. You do not need any qualifying life events to enroll in a health insurance plan during the Open Enrollment Period.
Your Health Plan Open Enrollment Checklist
1. Visit our Health Insurance 101 video library to help you understand terminology and how deductibles, copayments and coinsurance work.
2. Find out if your employer will offer coverage or if you need to purchase an individual health insurance plan.
3. If you are under the age of 26 you may be able to stay on a parent’s health insurance until your 26th birthday. Speak with your parents about your options.
4. Gather information on your household income. You may qualify for a subsidy to reduce your insurance costs or you may qualify for another government program.
5. Set your budget. Larger premiums usually mean lower out-of-pocket costs for prescription drugs, office visits, and procedures, and vice versa. How much you can afford for a premium and out-of-pocket expenses are both important considerations when selecting the best individual or family health for you.
Looking for Coverage?
To learn about open enrollment and the best health coverage for you or your family, talk to one of our Sentara Individual & Family Health Plan Advisors at 1-844-206-3208