2015 Open Enrollment – Important Dates and Deadlines [INFOGRAPHIC]

It’s that time of year again, and we don’t mean the holiday season. 2015 open enrollment begins on November 15, 2014. If you purchased a health insurance plan through the federal Marketplace last year and did not opt out of automatic renewal, you will be re-enrolled in that same plan unless you choose to switch during the Open Enrollment Period. Once the Open Enrollment Period ends on February 15, 2015, you won’t be able to change your health insurance plan unless you qualify for a Special Enrollment Period.

There are certain dates and deadlines approaching that you want to be aware of. Rather than simply list all of the relevant dates, HealthMarkets Insurance Agency has organized them based on your potential situation. Find the scenario that most closely matches your plans for health insurance, and take note of the dates and deadlines that you don’t want miss.

I’m Happy With My Health Insurance

If you purchased a health insurance plan from the federal Marketplace last year, you will receive a notice in the mail a few weeks before open enrollment begins with instructions on how to update your information, like changes to your family size or income. You’ll also get a letter from the health insurance company about any changes to your plan and changes to your premiums, which are expected to rise this year. It’s estimated that 95% of HealthCare.gov enrollees will automatically be re-enrolled in their plans and receive the same subsidies if they take no action.

Before tossing those letters aside and checking health insurance off your to-do list, take a careful look at the premiums your health insurance plan will be charging this year, and make sure they’re still acceptable. If your income changed substantially, you may no longer qualify for the subsidies you received last year, but will still be re-enrolled in the same plan without the cost savings. It’s worth a call to a licensed insurance agent at HealthMarkets to review all of your options in case there is a different plan that may fit your needs and budget better for 2015.

The above information only applies to people who bought insurance through the federal Marketplace. Fourteen states and the District of Columbia have their own systems. These state-based exchanges may choose to auto-enroll you in your health plan with or without automatic subsidy renewal, or design their own approved systems. Contact a HealthMarkets agent to see what the plan is in your state.

If you’re happy with your health insurance, these are the important dates you should know:

Late October/Early November – Keep an eye out for a letter about auto-enrollment from the government, and for a Summary of Benefits and Coverage from your health insurance company.

November 15, 2014 – Open Enrollment begins. Look into your options in case your premiums have gone up or you are no longer eligible for a subsidy.

February 15, 2015 – Open enrollment ends. If you haven’t done anything and the letter you received in the autumn told you that you would be auto-enrolled in your old plan, you’ve just been automatically renewed for another year.

I Want to Change My Health Insurance From What I Bought Last Year

If you purchased health insurance from the federal Marketplace last year, you will be receiving a letter a few weeks before open enrollment begins on November 15, 2014. This letter will let you know your auto-enrollment status as well as how to go about changing your tax information. It’s estimated that 95% of people who signed up for a plan from HealthCare.gov last year did not opt out of auto-renewal, so if you do nothing, you will be auto-renewed in your health insurance plan.

To prevent that and sign up for a new plan, pay attention to these dates:

November 15, 2014 – Open Enrollment begins. You may now enroll in a new health insurance plan.

November 16-December 15, 2014 – If you enroll in a plan during this time period, your coverage will begin on January 1, 2015.

December 16, 2014-January 15, 2015 – If you enroll in a plan during this time period, your coverage starts on February 1, 2015.

December 31, 2014 – Coverage ends for 2014 Marketplace plans.

January 16-February 15, 2015 – If you enroll in a plan during this time period, your coverage begins on March 1, 2015.

February 15, 2015 – Open enrollment ends. You can no longer purchase health insurance through the federal Marketplace unless you qualify for a Special Enrollment Period.

This information only applies to people who bought insurance through the federal Marketplace. Fourteen states and the District of Columbia use their own systems. These exchanges may choose to auto-enroll you in last year’s health plan with or without automatic subsidy renewal, or may design their own approved systems. Contact a HealthMarkets agent to see what your state is doing.

I Am Buying Health Insurance For the First Time

If you are buying health insurance for the first time, you may qualify for a Special Enrollment Period. A Special Enrollment Period is the 60 days after a qualifying life event, such as marriage, divorce, adoption, birth of a child, loss of health coverage, a move, or other circumstance. If this is your first time purchasing health insurance, contact a licensed insurance agent with HealthMarkets. He or she can guide you through the process, discuss your situation with you, and help you find the best plan to fit your needs at no cost to you.

If you don’t qualify for a Special Enrollment Period, or you missed the 60-day window, open enrollment is the perfect time to purchase your health insurance plan. If your state is one of the 36 that participates in the federal HealthCare.gov Marketplace, these dates are relevant to you.

November 15, 2014 – Open enrollment begins. Call a HealthMarkets agent to discuss your options and begin comparing plans.

November 16-December 15, 2014 – If you enroll in a plan during this time period, your coverage will begin on January 1, 2015.

December 16, 2014-January 15, 2015 – If you enroll in a plan during this time period, your coverage starts on February 1, 2015.

January 16-February 15, 2015 – If you enroll in a plan during this time period, your coverage begins on March 1, 2015.

February 15, 2015 – Open enrollment ends

If your state does not participate in the federal Marketplace, check with your HealthMarkets agent to see which dates are relevant to you. If you don’t have health coverage during 2015, you may have to pay a fine of either 2% of your income or $325 per adult and $162.50 per child, whichever is greater.

I Own a Small Business

Employers are not restricted to open enrollment deadlines. You can offer coverage to employees any time during the year.

I Want to Enroll in Medicaid or CHIP

Medicaid and the Children’s Health Insurance Program (CHIP) offer coverage for qualifying individuals with limited incomes or certain disabilities. You can apply directly to your state agency for these programs at any time during the year, and if you qualify, your coverage can begin immediately.

At HealthMarkets Insurance Agency, we know that the details of buying health insurance are confusing. That’s why our agents are trained to learn the ins and outs of the Affordable Care Act and any other issues related to health insurance. There’s a limited window for you to purchase health insurance for yourself and your family. Don’t stumble around blindly trying to do it yourself. Instead, contact HealthMarkets. We’ll provide you with the guidance and information that’s relevant to your situation, and explain everything in layman’s terms. Health insurance is hard. At HealthMarkets, we make it easy.

TSM000030

TSM000030

Call us Now at (800) 304-3414 or Get a Quote Online