Brief Open Enrollment
In keeping with the previous year, the enrollment period for health insurance to cover you during 2019 will begin on November 1 and end on December 15.
Limited Carrier Options
Fortunately, there were fewer major carrier exits from 2019’s ACA market. However, the options in your county may be more limited than in past years and include smaller, more regional carriers. This varies from county to county.
The Tax Reform Bill Congress passed into law earlier this year repealed the ACA’s individual mandate penalty, meaning there will be no federal tax penalty for failing to enroll in ACA-compliant coverage for 2019. This means that lower-cost product options, such as short-term medical, limited medical, and other ancillary plans,1 can be enrolled in without the threat of a federal tax penalty.2
As in previous years, monthly ACA premiums are increasing by as much as 30% in some areas. However, unlike years past, some consumers may find relief, with some states reporting significant decreases in premium rates as well. Costs vary by county. 3
The Good News
You don’t have to go it alone!
Through VelaPoint Insurance, you have exclusive access to a free health and supplemental insurance shopping service, staffed by licensed insurance experts in all 50 states. Shop, compare and enroll—all in one easy call.
You have options.
If you live in an area with limited health insurance options, find the premiums too expensive or your doctor isn’t in-network, traditional health insurance isn’t your only option. Plans like short-term medical or limited medical offer benefits at typically much lower costs.
Insurance packages pave the way to save.
Insurance plans that are designed to work together could help you save on deductibles, prescriptions and hospitalizations. A licensed agent can also help determine if you’re eligible for cost-share reductions and premium tax credits.