Open enrollment has begun! If you are interested in seeking support with enrolling for health care insurance for 2018, give one of our health navigators a call for guidance through the process. The enrollment period will end on December 15th and appointments are filling up fast.
Here are 4 main things to know about changes from the current administration.
1. Shortened Enrollment Period: Nov. 1 – Dec. 15.
The Open Enrollment period has been reduced from three months to only six weeks. Uninsured consumers and those renewing their Marketplace coverage must complete their enrollment between November 1 and December 15, 2017. We do not expect any extensions to be granted.
2. New insurance rates in Pennsylvania are higher than expected.
Insurance premiums in PA will go up in average 30.6% in 2018, much higher than had been anticipated. This is directly a result of President Trump’s refusal to pay cost-sharing reductions last week and Congress’ inaction to appropriate funds. This increase should not impact most people who qualify for financial assistance because the financial assistance will get higher to protect people from these rate increases.
3. Plan options may change their out-of-pocket coverage.
It’s important that consumers actively return to the Marketplace, update their applications, and browse new plan options. Some additional rule changes will impact the amount of out-of-pocket costs covered under certain plans, so consumers should check how these changes might impact them.
4. Insurance companies can check on past unpaid premiums.
Insurers are now allowed to postpone new enrollment in health plans if a consumer has unpaid premium debt with the same insurer since June of this year. Consumers who think they may have this kind of debt should contact the insurer now to confirm the debt and discuss repayment. This issue will not impact people who enroll with a different insurer for 2018.