Hey, Texas! 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 2021, starts in roughly seven weeks, 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 $49,960. A family of four that makes up to $103,000 is also likely to qualify.

Buy an on-exchange health plan by December 15th  for coverage starting January 1st

If you’re purchasing health insurance through healthcare.gov, you have until December 15th  to enroll in a health plan that starts January 1st of 2021.

Buy an off-exchange health plan by December 31st for coverage starting January 1st

If you’re buying your health plan directly from a health insurance carrier, like Friday Health Plans, then you have until the end of December to buy a plan starting January 1st.

 

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 questions@fridayhealthplans.com.

 

The post Hey, Texas! Ready for Open Enrollment? Here’s what to know about it appeared first on Friday Health Plans.

from Our Blog – Friday Health Plans https://ift.tt/33cNfd9