If you have health insurance, you probably know the great ritual known as Open Enrollment. This is your annual chance to explore your options, add or remove coverage, or select a new plan. After you‘ve made your choices you may wonder what to do if your insurance needs to be changed before the next Open Enrollment.
Both employee-sponsored and ACA health plans offer Special Enrollment periods for people who have life-changing events after the deadline. These qualifying events can include marriage, divorce, having a child, adoption, a job loss for you or your spouse, a sudden change in income, or even the loss of your current insurance coverage.
If you experience a qualifying event notify your insurance plan immediately. If you have insurance through your employer, you can contact your human resources department for the best procedure to review and update your coverage. If you have an Obamacare plan, you can go to the Covered California website to update your information and make any necessary changes. Generally, you will have 30 days after the event to change your coverage.
Sackett & Associates Insurance Services employers and residents in Sonoma County through the complex insurance landscape. To learn more, contact us.