ACA Open Enrollment is just around the corner, and if you’re in need of individual health coverage, now is the perfect time to explore your options. The Affordable Care Act (ACA) Marketplace offers access to quality, affordable health insurance, and we are here to help you navigate it! We are going to be answering some of the most commonly asked questions about ACA Open Enrollment in this article.
When is ACA Open Enrollment?
For Missouri, Open Enrollment begins November 1 and ends January 15. If you enroll after December 15, but before January 15, your coverage will likely start February 1. If you miss this window, you may have to wait until next year. Unless you experience a qualifying life event such as losing other coverage, getting married, moving, or having a baby.
What does an ACA plan cover?
ACA Marketplace includes coverage health benefits such as doctor visits, preventive care, emergency services, hospitalization, maternity and newborn care, prescription medications, and more.
How do I qualify?
If you’re self-employed, between jobs, working part-time, or retired early, you can apply for a plan through the ACA Marketplace. These plans are designed for people who buy their own insurance. Depending on your income, you may also qualify for financial assistance to lower monthly premiums or out-of-pocket costs.
What documents do I need to apply?
You’ll need the following social security numbers, income information, household details, current health insurance info.
Can I change my plan later if my needs change?
You can change your during Open Enrollment as often as you’d like, but after January 15, you’ll need to experience a qualifying life event to make changes.
What’s the difference between Bronze, Sliver, Gold and Platimum plans?
These tiers reflect how costs will be shared between you and the insurance company. With that in mind, the types of benefits offered remain the same across all tiers.
Navigating the ACA Marketplace can feel overwhelming. So, this Open Enrollment period is your chance to find the right coverage for you and your family. Contact us today at 573-339-1222, shoot us an email at admin@coalterinsurancegroup.com, or visit our website, we’d be happy to help you get the right coverage for you!