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The open enrollment period for 2020 has already started, but you still may have time to enroll if you get ready and do it before 15 December. (In some states, enrollment periods may continue for even longer.)
If you need assistance in selecting and applying for 2020 coverage for your whole family and for getting any subsidies you may qualify for, you should not hesitate to talk to a professional health insurance agent. But you want to go to the marketplace and/or your agent prepared - so here's what you need to know.
Health Insurance Marketplace Basics
The usual open enrollment period for most states in 2020 is from 1 November until 15 December, a period spanning 6 full weeks (45 days). You can visit the marketplace at healthcare.gov or talk to a marketplace representative by calling 800-318-2596.
You will need to be prepared with some basic information in order to apply for ObamaCare, and it helps to prepare the information your health insurance agent needs to know before calling him/her as well.
If you are getting employer-based insurance for 2020, you can probably do that through your employer. Otherwise, you will need to provide data on where you work and details of your position and reimbursement there.
How To Prepare For Online Or Over-the-phone Enrollment
When applying for new health insurance, you will need both some basic and sometimes detailed information It will be both personal and financial information and will relate to both you and your entire household. As taxes and marketplace subsidies are connected, tax questions will also be involved.
You will need to provide your full name, date of birth, Social Security number(s), tax status including co-filers and dependents, and the age and gender of all in your household. Anyone living with you and dependent on you financially is relevant - even if an adult child.
Your mailing address, physical address, place or work, and annual household income are also important in determining your subsidy (if any) and which plan may be best for your needs.
Remember to include any self-employment income along with W-2 wages and tips, unemployment payments, SS income, disability payments, pension, alimony, child support, and any other taxable income sources.
For 2020, you will need to estimate your household income. If things turn out differently, you can always update or adjust when filing taxes in 2021.
Explore All Of Your 2020 Health Coverage Options
Be sure to discuss your healthcare needs with your insurance agent before making a final decision for 2020. Marketplace plans aren't best for everyone, and even when that's the right choice, there are many options to choose from.
You need to assess your likely covered healthcare costs for 2020 for the whole family and then gauge that against your household income and other expenses. This helps you determine whether a high or low deductible plan will work best for you. Plus, find out if anyone in your household (children or seniors) qualifies for CHIP, Medicare, or Medicaid.
The dangers of going without coverage for a whole year are too great to risk, so act now before December 15th passes you by.
To talk to an experienced, friendly health insurance agent, contact Summerlin Benefits Consulting today!