Medical bills and doctor visits can be expensive, but getting covered by health insurance can protect you and your family from the high unexpected costs of treating illnesses, accidents and other unforeseen health problems.
The Health Insurance Marketplace Open Enrollment period to receive coverage or make changes to your existing coverage, is getting close. This year it runs from November 1, 2019, to December 15, 2019. Concurrently, Medicare Open Enrollment began October 15, 2019, and continues till December 7, 2019. Many employer health plans host an open enrollment period during the same period.
So what does this mean? That it’s time to think about health insurance and reassess your family’s needs.
Where can you find assistance?
Each state operates a little differently, therefore it is suggested that you connect with a Navigator or Assistor in that state. A Navigator or Assistor is someone that specializes in the health field who can help you enroll in a health insurance plan or answer any questions you may have. Medicare also provides resources if you have questions during the process. If you have an employer-based plan, contact your Human Resources office for assistance.
How much will it cost?
The cost of health insurance depends on your income. Individuals that meet income guidelines can receive tax credits toward health insurance plans on the Marketplace. A tax credit is money that you receive from the government to assist with paying your health insurance premiums. Premiums are the monthly payments you make to the health insurance company.
My colleagues at the University of Maryland Extension have several great resources to assist in making health insurance decisions. Click on any of the following topics for more information.
Choosing Health Insurance Workbook
Making a Good Guess on Health Costs
For a complete list, click here.
Remember that we all need health insurance. Use it to stay healthy. Routine checkups are an important element in staying healthy and preventing more serious health issues. In the long run, health insurance will save you money.