I tend to not be a fan of politicians and other negotiators in those circles.
Nonetheless, today I give props to such people across the country. Through their efforts, health insurance options will now be available in every county of the United States in 2018.
Initially it was forecasted that some states and thousands of counties would not have a health insurance company offering plans to residents in 2018. Since then states have been negotiating with insurance companies in an effort to provide health insurance options.
People who don’t have coverage through their employer or Medicare could have been left with no options for health insurance.
On Wednesday last week, an agreement was reached and the last county has a provider agreeing to offer health insurance.
Critics of the Affordable Care Act are quick to point to the insurance carriers’ withdrawals from the individual market as a sure sign of the failure of President Obama’s signature bill. Despite the now nationwide coverage, many will have only one health insurance company offering plans. The lack of competition has many nervous.
The open enrollment period has been halved again.
Individuals will be able to choose new plans from November 1st through December 15th. However, if your plan is being discontinued by a carrier dropping out of the market, you will have a 60-day window to enroll with a different company. In other words, you could still enroll through February 28th.
Three tips for this coming open enrollment.
- Schedule an appointment with your agent in advance. Because there will be only six weeks of open enrollment, the phone lines will be long.
- If you are a healthy individual, purchasing a bronze plan can save you a lot of money.
- If the high deductible bronze plans are a worry to you, consider using some of your premium savings to get a supplemental accident or critical illness policy. This can drastically enrich your benefits at a low cost.