Open Enrollment Ends on December 15th!
Are you currently on a Marketplace Plan and need help with the renewal this upcoming Open Enrollment Period (OEP)? Every year the insurance carriers have to file with the State Insurance Departments new Obamacare insurance plans and benefits and most importantly premiums. We recommend that every year you review your health plan and focus on four key areas:
Deductible, cop-pays, coinsurance & out of pocket maximums: For the 2019 Plan year, the limit for a Marketplace Plan was $7,900 for individual and $15,800 for a family For 2020, the limit for individual will be $8,150 and $16,300 for family. Could be lower if you qualify for Cost-sharing reductions (CSR)
Provider network: Insurance carriers constantly make changes to their provider network. You need to ensure your preferred PCP, Specialist and Hospital are still in-network
Prescription drugs:Every year the insurance carriers revise their medication formulary. Covered medications can change tiers and cost-sharing and even removed from the formulary as a covered drug
Premiums: Will your premium go up for Plan Year 2020? Switching to lower cost Bronze Plan could help you save money
When Can I Newly Enroll or Renew My ACA (Obamacare) Plan?
The Open Enrollment Period (OEP) begins on November 1st, 2019 and ends on December 15th 2019 with coverage starting January 1st 2020. During OEP, individuals can enroll in new coverage, renew their existing coverage or change Marketplace Plans.
Who Is Eligible to Newly Enroll or Renew Their ACA (Obamacare) Plan?
If you are currently without coverage, losing coverage through work or losing your Medicaid eligibility, your could benefit from enrolling in an ACA Marketplace Plan. If your household income is between 100% and 400% of the Federal Poverty Level, you may qualify for premium tax credits that lower your monthly premium for a Marketplace health insurance plan. In addition, you may qualify for cost-sharing reduction subsidies that lower your out-of-pocket expenses with a qualified ACA Marketplace Plan.
Renew Your Plan:
If you currently have a Marketplace Plan, you can renew your plan starting on November 1st, 2019. You will have the option of renewing with your existing ACA Plan or changing to a new insurance plan. We will help you determine your correct subsidy for 2020 plan year and navigate you through all your ACA Plan options to ensure you get the lowest premium and best coverage available.
Why Direct Insurance Solutions?
We are a preferred agency partner of hundreds insurance carriers including Molina, Ambetter, Oscar, Blue Cross Blue Shield, Kaiser, and many more. Direct Insurance Solutions can help your enroll or renew your plan over the phone in under 10 minutes at no-cost to you. We have Bilingual Marketplace Certified Agents that specialize in ACA Obamacare coverage and make enrolling easy and simple. We provide a personalized ACA Plan recommendation based on several important factors:
- Prescription Drugs: confirm with plan formulary that medications are covered, tier levels and out-of-pocket estimates
- Primary Care Physician (PCP): confirm your PCP is in-network and applicable co-pays
- Hospitals and Urgent Care Centers (UCC): confirm hospitals and UCC’s that in-network to ensure convenient access
- Budget: most importantly we ensure your Obamacare plan meets your family’s monthly budget
Let us be your trusted Obamacare Agent this upcoming Open Enrollment Period.
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