Marketplace Open Enrollment Ended – Now What Are My Options?
Yes, Marketplace Open Enrollment ended on January 15, 2023. The next Open Enrollment period will not happen again until November 1, 2023. So, now what are my options if I need health insurance? That’s a great question.
Marketplace Plans
Regarding a Marketplace plan, you will need a “Qualifying Life Event” to enroll outside the Open Enrollment period. It’s called a “Special Enrollment Period.” Below are some of the basic types of qualifying life events.
- Losing your existing health coverage
- Losing your eligibility for Medicaid or CHIP
- Turing 26 and losing coverage through a parent’s plan
- Getting married or divorced
- Having a baby or adopting a child
- Death in the family
- Moving to a different zip code
- Changes in your income that affect the coverage you qualify for
- Becoming a U.S. citizen
Self-Funded Plans
In addition, you also have access to non-marketplace plans “anytime” during the year without having a qualifying life event. These would be what the industry refers to as “Self-Funded” plans. Self-Funded plans have become very popular over the years. These types of plans are a viable alternative to traditional Marketplace plans. They can offer greater flexibility, control, and cost-saving opportunities.
I Need Guidance
Many people find health insurance a bit overwhelming. As an independent broker at TMW Insurance Agency, LLC with 25+ years of experience, I’m here to help “un-complicate” all of this for you. Whether you require a traditional Marketplace plan or would benefit from a Self-Funded plan, I’m here to help you.
Feel free to contact Dennis Watkins at (407) 982-3730 or tmwinsurance@newtoorlandoflorida.com. You can also complete the inquiry form online. I look forward to helping you find a plan that meets “your” needs!
