In 2018, if you’re buying individual health insurance for you and the fam (not through an employer), PAY ATTENTION!
Open enrollment is scheduled to start NOVEMBER 1, 2017 (for new coverage starting January 1, 2018)
NEW RULE:
Open enrollment will ONLY be for FORTY-FIVE days, ending December 15th. That’s half of what it’s been in prior years. YES!!! No kidding. PAY ATTENTION!!
Health insurance will be harder to buy – or change — in 2018. So The Insurance Mom wants you to really PAY ATTENTION!! Outside of Open Enrollment (after 12/15/17) you’ll have to seriously PROVE that you’re eligible to buy health insurance or make changes to your plan. It’s called a Qualifying Life Event.
MORE CHANGES:
- The new rule could reduce the amount of federal subsidies that currently make premiums more affordable for low- and middle-income people
- The new rule could allow insurance companies to offer even skinnier networks
- The new rule could make coverage skinnier, too
PAY ATTENTION! New regulations do NOT require Congressional approval… just the signature of a President. If you’re not happy with the way things are going and are worried that you could lose the coverage you have, The Insurance Mom encourages you to contact your Members of Congress.
