Vol 6, January 2016
This May Be Your Last Chance!

Open Enrollment for health insurance in 2016 ends on January 31.  If you've been putting off enrolling, don't wait any longer.  After January 31, you will not be eligible to enroll again until 2017 unless you qualify for a Special Enrollment Period.  And if you don't have health insurance in 2016, the penalties are much higher this year - the greater of 2.5% of household income or $695 per adult (or $347.50 per child under 18). 
One trend we are seeing this year is that premium subsidies are greater than they have been in the past.  So if, for example, you are single with annual income less than $47,000, you may be eligible for help paying that monthly premium.  Call us today for an estimate of your premium subsidy and assistance in enrolling in a new plan for 2016.  We make it easy for you!

Subsidy word cloud image with hi-res rendered artwork that could be used for any graphic design.
Don't Lose Your Premium Subsidy!

Do yourself a favor - if you get a letter from the Marketplace that requests additional information, don't ignore it.  This year we have seen more people lose their premium subsidy because they did not provide the requested information by the date it was due.  The Marketplace may request evidence of income, immigration status, or any number of other items.  Failure to provide this information will cost you money.  If you are not sure what to provide, you can call the Marketplace at 800.318.2596.  If you prefer, feel free to contact your REGIT associate and we will be glad to assist you.  We'll also advise you on how to upload the information to your Marketplace account so you know it is received.

They Aren't Joking  About This Deadline!

Blue Cross Blue Shield is advising that if your coverage was effective on January 1, the deadline to submit the first payment is January 31, regardless of whether you purchased coverage On or Off the Marketplace.  In the past, this deadline has been extended - particularly for On Exchange business.  This year, however, the January 31 deadline is firm.  There are many options for paying your premium - whichever one you choose, please make the payment on time

Time for a New Year Review
Let's take stock

The start of a new year is always a good time to take stock of important documents and the protection of you and your family.  Do you have a will or trust in place to protect your loved ones?  How about your medical, legal, and real estate power of attorney?   An important part of this review is your life insurance.  There are many options for coverage - term life, whole life, universal life.  Call Lorraine today at 800.537.9786 to get advice on which plans would be best for you and to get a quote.  A few minutes spent today could provide years of peace of mind for your loved ones.

Thought for the Day.

All of us at REGIT wish you a New Year that is healthy, happy, and prosperous.  We thank you for your business and the confidence you have in trusting us to find you the best insurance solution possible.  In the spirit of the New Year, we share the following quote:

"Do not wait until the conditions are perfect to begin.  Beginning makes the conditions perfect." 
~Alan Cohen
1200 Roos evelt Rd. Sui te 115
Glen Ellyn, IL  60137