Marketplace health insurance coverage can be renewed for 2016 now. Open Enrollment for 2016 Health Marketplace Insurance plans begins in November but you can renew your policy now and it’s easy to do.
Important dates for 2016 enrollment:
November 1, 2015: Open Enrollment starts — first day you can enroll in a 2016 Marketplace plan
January 1, 2016: First date 2016 coverage can start
January 31, 2016: 2016 Open Enrollment ends
7 things to know about renewal and auto-enrollment:
1) All Marketplace health plans will come up for renewal soon. Open Enrollment for 2016 health coverage through the Marketplace begins November 1, 2015.
2) Your insurance company will send you information this Fall about updated premiums and benefits.
3) Review your plan’s 2016 changes to see if it still meets your needs. Our expert agents can also help you find the best plan options.
4)If you’re happy with your current plan and want to keep it–and your income or household size haven’t changed – you don’t need to do anything. The Marketplace will auto-enroll you in the same plan for 2016.
5)If your income or household size have changed, you’ll need to report that to the Marketplace so you get a tax credit if you qualify.
6)If you want to change plans, you can:
a) Choose any other Marketplace health plan your company offers in your service area if you want to stay with your current insurance company.
b) Choose a new health plan from a different insurance company through the Marketplace.
c) Buy a new private health plan outside of the Marketplace. If you do this, you won’t be eligible for premium tax credits and cost-sharing reductions offered through the Marketplace.
7)In some cases, your current Marketplace plan won’t be offered in 2016. If that’s the case, we’ll automatically enroll you in a similar plan so you don’t have a gap in health coverage, unless you choose another plan and enroll. Because your plan is ending, you’ll qualify for a Special Enrollment Period that lets you enroll in an individual plan outside the Open Enrollment period.
Our certified Covered California agents can help you with the renewal process now. Give us a call and review your best options and beat the open enrollment period crowds. Health Insurance Renew for 2016 Now!