Should You Be Excited that It’s Time for Open Enrollment?

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The short answer is YES, you should! If you just really enjoy long answers, if you have questions about exactly what “Open Enrollment” is or if you’re wondering why it affects you, then read on. Technically speaking, “open enrollment” in terms of today’s insurance industry refers to a time period each year when you can sign up for health insurance. They are officially “open” for enrollment during this designated time period. Those who want insurance, but don’t sign up during the open enrollment period, probably can’t sign up for health insurance until the next (annual) open enrollment period.

THE IMPORTANT FACTS: Open enrollment for 2017 is here! This is the time you can enroll in – or make a change to – your health coverage. Enroll by December 15, 2016, if you want new coverage to start January 1, 2017.

Individuals, families and small businesses may apply for coverage through the new health insurance marketplaces during open enrollment.

Individuals and Families: Enrollment Period, Enrollment Dates, and Effective Dates of Coverage

The annual enrollment period for individuals and families is November 1st through January 31st.

Individuals and families who enroll on or before December 17th will have coverage effective January 1st.

Individuals and families who enroll on or before January 31st will have coverage effective February 1st.

Small businesses: Small Business Health Options (SHOP)

SHOP is a new approach to offering health coverage that puts businesses in control of their own health insurance budget. At the same time, it allows employees to choose from a number of affordable, quality health plans from private insurance companies including Health Net.

Through Small Business Health Options (SHOP), businesses can also be eligible for tax credits that can be an effective offset to the cost of providing health insurance to employees. Once enrolled, the group’s coverage and premiums are “locked” in for a year. For 12 months, they will not change.

If you still have questions about open enrollment or if you need assistance getting enrolled before you miss your window, get in touch with your full service brokerage and health insurance specialists at DeWitt Risk Management Consultants, LLC today. As a 2017 Elite Agent with Health Net we can help you figure out exactly what you need and get it done as quickly as possible. Because you shouldn’t have to stress about it for even one more hour, much less one more day!

For more information about Health Net open enrollment or any other health insurance or life insurance needs, contact everybody’s favorite full service broker and health insurance specialist at DeWitt Risk Management Consultants, LLC.

 

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