2015 Open Enrollment, Explained!

Have you taken a few moments to think about how you like your current health insurance? If there is anything you would like to change, now is the time to figure it out. Open enrollment 2015 will soon be nipping at our heels! It really pays off to be prepared! You will save yourself a big headache come November.

November 15th is the day that open enrollment officially begins. It will continue until February 15th, 2015! Keep in mind that after December 31st, your coverage purchased in 2014 will no longer apply! Certain individuals may qualify for a special enrollment period that allows them to enroll before the 15th of November. It is important to speak to your insurance agent to determine if you qualify.

Open enrollment provides the opportunity to either stay with your current health plan, or switch to a new one. This is why it is so important to reflect on the past year, and think about the positives and negatives of your plan. If you wait until after the New Year to buy your new plan, you may be forced to pay a fee! In previous years, the fee has been noticeably lower. This year, you will have to pay 25% of your income as a fee, or $325 per adult, or $162.50 per child (whichever is higher). To avoid paying these expensive fees, get organized, and select your health plan before your current plan ends!

If you are interested in seeking health insurance counsel from a qualified and friendly agent, please give the insurance professionals at Pacific Group a call! They will make sure that you understand every aspect of your health insurance plan. Do not take the risk of being underinsured! Contact one of our agents, today!