With the passage of Health Care Reform and the Individual Mandate effective 1/1/2014 there was a change in the opportunity for individuals to obtain Individual insurance. The only time you may change insurance carriers, plans or purchase an individual policy is the open enrollment time period which will begin November 1, 2015 for a January 1, 2016 effective date.
However, if you have a life changing event that qualifies for a Special Enrollment Period, there may be an opportunity during the year to secure coverage. Below is a listing, not meant to be all-encompassing:
- Birth of a Baby or adoption
- Moving geographic areas
- Loss of coverage
o Loss of dependent status
o Termination from a group plan
Your window is generally 30 days from the date of the event. If you have a life event and question your coverage options, do not hesitate to call us. If you're interested in looking at different alternatives for 1/1/2016 open enrollment season, we want to help. Reach out to us and we'll chat through your specific needs.