Open enrollment has begun, which means it’s time to choose your health insurance for 2021.
Did your health or finances change this year? Even if they didn’t, it’s a good idea to examine your options and identify your needs. (You might even be able to save some money.)
Let’s make sure you have the right coverage for next year.
When is open enrollment?
Open enrollment for 2021 health insurance coverage began Nov. 1 and runs for the next few weeks.
For Medicare Advantage plans and Part D prescription coverage, annual open enrollment runs from Oct. 15 through Dec. 7.
Make sure you’ll be covered next year by heeding these deadlines or your employer’s, which may be different.
Should you re-enroll in the same plan?
Do you like the coverage you’ve had in 2020? Before you re-enroll, check these things:
- How 2021 premiums, deductibles and coinsurance or copays will compare to 2020
- Whether your doctors will still be in network
- Whether the plan will still cover your prescriptions
- Whether your prescriptions will be the same price
What information should you gather?
Collect any documents that could inform your decision about which plans offer you the best value. These documents might include the following:
- Records of your out-of-pocket medical expenses for 2020
- An estimate of your expected household income if you’re applying for a Marketplace plan
- Information about coverage available through your employer
- Annual Notice of Change if you have a Medicare Advantage or Part D plan
Choosing the right plan is an important way to help you and your family stay on track, especially during uncertain times.
Reach out today if you have questions or if you’re ready to get started on selecting coverage.