This year has been hectic—no different than 2020 with changes on all levels of how we live our lives. It’s been quite the adjustment and hard to keep up with changing health mandates, cities opening and closing and reopening on top of that (with possible closures coming up).
We’ve had executive orders and major legislation changes surrounding Health Care. It’s exhausting to keep up, but important to know and understand all the changes and enrollment dates for opportunities to get coverage especially when it comes to health insurance and getting the coverage you need.
With everything going on, we’ve outlined the enrollment dates for the rest of the year. Some are for coverage that can begin now in 2021, while others are the periods for electing coverage for the upcoming 2022 year. Depending on your needs, check what may impact you.
Special Enrollment Period Due to the Emergency of the Coronavirus Pandemic
When: February 15 – August 15
Most all Americans are eligible to enroll in ACA coverage at this time. The American Rescue Plan Act (ARP) reopened the ACA marketplace with a special enrollment period that allows individuals and families to purchase new coverage or change plans during this window, ending August 15th. The American Rescue Plan Act provides new and current enrollees increased tax credits to reduce monthly premiums on coverage costs plus more time to re-evaluate their coverage needs.
In response to the current public health emergency brought on by the coronavirus pandemic, this SEP gives more people the opportunity to find coverage with reduced premiums than ever before. If you are curious or interested in what savings you may be eligible for and what plans are available in your area, call 855-548-0727 to speak to a VelaPoint licensed agent to get expert advice and knowledge.
We have agents that will:
- Help determine subsidy eligibility
- Help update federal marketplace information like employment or income level changes.
- Compare plans in your area for most affordable or specific benefit needs
- Assess where you are at on your current plan’s deductible and determine if switching plans or keeping the plan you have will save you more and make the most sense.
Getting assistance in this time can be beneficial to make sure you are getting all your questions answered and understanding all your coverage options. You have until August 15th to utilize this ARP extended Special Enrollment Period. Act now to get coverage for the remaining months of 2021, call 855-548-0727 or visit VelaPoint Marketplace for more guidance with a licensed agent.
When: All year around
Short-term medical insurance offers a range of flexible and customizable coverage options including varying benefit levels, deductibles, and duration of plan lengths. There is no one-size-fits-all. You pick the benefits that fit your health needs, the deductible you can afford and the policy length you need. Designed to cover individuals for a pre-determined length of time, these periods can range from a few months up to a year depending on your state of residence.
Those that qualify for Short-term Medical coverage are typically under 65 years of age and meet the guidelines for underwriting which typically excludes pre-existing medical conditions. This is a great option for someone who doesn’t have ongoing medical needs, looking for coverage that starts the very next day and doesn’t need ACA’s minimum essential coverage.
Now the hard part is determining which type of coverage fits your needs most. Even with all this helpful information, it can still be a lot to take in. Our licensed agents can help explain further and walk you through a needs-analysis to help determine where your coverage needs land. Call 855-548-0727 or visit VelaPoint Marketplace for more information.
Medicare Annual Enrollment Period
When: October 15 – December 7
The time of year that Medicare beneficiaries can make changes to their current coverage. During this period you can:
- Switch from one Medicare Advantage plan to another Medicare Advantage plan
- Switch from one Medicare Prescription Drug Plan (PDP) to another PDP
- Change from Original Medicare and enroll in a Medicare Advantage Plan
- Change from Medicare Advantage plan and return to Original Medicare
You have a lot of choices when it comes to Medicare coverage. Speak to a knowledgeable, licensed sales agent who can answer any questions or address any concerns by calling 855-548-0727 TTY – 711. Medicare coverage can seem complicated, but the right broker can help you navigate through your options and find the benefits package that will be tailored to your individual circumstances.
Open Enrollment Period
When: November 1 – December 15
(State based exchanges may vary with extended enrollment deadlines past December 15 and will announce these specific dates closer to OEP.)
Open Enrollment is the allotted time each year that most Americans who are looking for individual and family plans may enroll in Affordable Care Act health insurance for the upcoming year. If you do not enroll in a plan during the OEP, you may not be able to purchase ACA-compliant coverage for the year unless you experience a qualifying life event that allows for a Special Enrollment Period.
This year’s Open Enrollment will include the impact of the American Rescue Plan Act through the 2022 coverage year, which brings increased access to affordable coverage. More people than ever before qualify for help paying for health coverage with tax subsidies, even those who weren’t eligible in the past. When November 1st comes around, set yourself up for success in picking coverage that meets your needs and your budget by speaking with a knowledgeable licensed agent. Call VelaPoint at 855-548-0727 to get a free of charge needs analysis where you can ask questions, compare coverage options in your area and see what cost savings you qualify for.
Life Event that Qualifies for a Special Enrollment Period
When: Anytime throughout the year outside of Open Enrollment dates with a qualifying life event
Special Enrollment Periods are brought on by qualifying life events— or major life changes that necessitate “off schedule” insurance changes. These specific, qualifying life changes may open a small window of time, typically 60 days that will allow you to purchase new ACA health insurance coverage. The most common kinds of qualifying life events are:
- Losing employer-sponsored coverage
- Adding a child to your family
- Aging off of a parent’s plan
- Moving to a new state or service area
There are a variety of ways to qualify for special enrollment periods—many more than just those listed above. Consult a licensed agent for more information.