Health insurance open enrollment begins Nov 1st and ends Dec 15th annually
Skip the wait times with the health insurance marketplace & get trusted insurance advice with Safe Havens Insurance.
Health Insurance Open Enrollment Timelines
Health insurance open enrollment begins November 1st and ends on December 15th. If you do not act by the Dec 15th deadline, you will not be able to enroll in a plan unless you qualify for a special enrollment period. All plans sold during the sign-up period begin on January 1st of the following year. Listed below are a few things to expect in advance of the next health insurance open enrollment period.
Health Insurance Marketplace Open Enrollment Letters
For those currently enrolled in a health plan through the health insurance marketplace, you will be receiving a letter from them soon. If for any reason your notification says you are at risk for losing your tax credit, it is likely the result of two things.
1. You did not file a tax return for a prior year return where you received an advanced premium tax credit.
2. A tax return was filed but it wasn’t filed correctly with a form 1095-A. This is the document that proves to the IRS that you enrolled in a Qualified Health Plan. It is also the basis for reconciling tax credits. If overpaid a tax credit, you owe the IRS money. If underpaid a tax credit, the IRS owes you money. Either case requires reconciliation.
If either of these situations apply to you, it is important to resolve them before open enrollment to continue qualifying for a tax credit.
Insurance Company Outreach Letters
Outreach will also be made by your current insurance company. Changes in your current health insurance plan, as well as premium increases will be included in your letter. These letters do not take into effect any updates that you make to income or family size during open enrollment. Thus, everyone should connect with their insurance agent or the Health Insurance Marketplace if they are not working with an agent during open enrollment to make needed updates. Failure to do so may result in paying higher than necessary insurance rates.
Need Help During Health Insurance Open Enrollment?
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