The open enrollment period is the time every year when you can sign up for health insurance, renew your plan, or replace your current health insurance plan with a new one. The federal open enrollment period is 45 days long: it starts on November 1st and lasts until December 15th. For most states, including Florida, the timeline is the same.
The enrollment period is also the time to apply for subsidies that are available for people with certain medical conditions. The main purpose of the subsidies is to reduce out-of-pocket expenses.
As mentioned above, during the open enrollment, you can also renew your current plan and make certain changes, if you are not satisfied with your current plan completely. You have 45 days to decide whether the insurance plan you have still suits your insurance needs and your budget. If not, you may look for a better option. You can look for other options yourself or ask an insurance agent or insurance broker to help you.
Missing the deadline for the enrollment period might be a serious mistake. If you did not sign up for a plan by December 15th or did not make any changes to your existing plan, you will most likely have to wait until the next year when the new enrollment will start. However, you may be able to sign up outside of the enrollment period if you are going through one of the following life events: marriage, new birth, divorce, changes in your income, or child adoption. If you are not sure about your life event, it is better to contact a qualified insurance agent who will be able to evaluate your situation.
You can also find all the necessary information on the official websites HealthCare.org and eHealth.com. You can also contact us if you have any questions - we will be glad to answer them.