Ready for Open Enrollment? Here’s what to know about it
Open Enrollment, the window of time when individuals can enroll in a new health plan for 2020, starts in roughly one week, on November 1st. (Woot woot!)
And we’re here to help get you prepped and ready for it. Here are a few key things to know about shopping for insurance this Open Enrollment.
You may qualify for financial assistance
Financial aid for health insurance, otherwise known as a subsidy, is a type of financial assistance that can lower your monthly premium or reduce your out-of-pocket medical costs.
Whether you qualify for subsidies depends on your income, family size and the cost of health insurance in your area. Many individuals qualify for financial assistance if their annual income is less than $47,000. A family of four that makes up to $97,000 is also likely to qualify.
See if you qualify by checking out our subsidy page.
Get shopping on November 1st for coverage starting January 1
Open Enrollment starts on November 1st and ends on December 15th in most states for plans starting January 1st. You can buy a plan either directly through a health insurance carrier, like Friday Health Plans, or on your state’s health insurance exchange.
Buy a health plan by January 15th for coverage starting February 1st in Nevada and Colorado
If you miss the "official" Open Enrollment deadlines, you won't be covered for the entire month of January. Chilly. But, you’ll still have until January 15th to get coverage starting February 1st if you live in Nevada and Colorado.
View our Shopping Health Insurance 101 for more guidance
Not sure where to begin? We have create a video to help you get shopping!
Buying health insurance can be confusing. If you have questions about plans, services, or benefits, our team would be happy to help. Reach out to our friendly health insurance experts at firstname.lastname@example.org.