In addition to the cost for monthly health insurance premiums, an individual also needs to look at other out of pocket expenses such as deductibles, co-insurance limits and prescription drug coverage
BEDFORD PARK, Ill. (PRWEB)
October 22, 2020
“2020 was an unprecedented year with the coronavirus and the nationwide job loss that followed. With so many individuals losing their job-based health insurance, it is essential individuals seek the direction of a licensed health insurance professional who is trained to walk a client through the entire process of selecting a healthcare plan and enrolling for coverage,” began Robert Dial, vice president, Preferred Health Insurance Solutions (PHIS), formally known as ACA Marketplace Enrollment Solutions (ACAEnroll.com).
“A licensed health insurance professional can also help the individual select a plan that meets their needs and budget. In addition to the cost for monthly health insurance premiums, an individual also needs to look at other out of pocket expenses such as deductibles, co-insurance limits and prescription drug coverage,” Dial added.
The 2021 Open Enrollment Period (OEP) runs from Sunday, November 1st to Tuesday, December 15, 2020. Individuals who do not enroll by December 15th cannot get a marketplace health insurance plan unless they have a qualifying event under the Special Enrollment Period. In order to help individuals begin this process, Dial outlines some critical steps and important deadlines.
Tip 1: Begin by reviewing your current 2020 health insurance plan. Important information to think through includes:
a. Does my current health insurance plan still meet my individual or family needs?
b. Since selecting my 2020 health insurance plan, have there been any new health challenges my family or I now face?
c. Have there been any financial changes?
d. Are the doctors my family or I receive care from still within the network or covered on my 2021 health insurance plan?
Tip 2: Work with a certified insurance broker who can help you select a policy for the new calendar year. Dial add, “After this evaluation step is completed, seek out the direction of a licensed health insurance professional. PHIS’s certified insurance brokers are able to walk a client through the entire process of selecting a healthcare plan and enrolling them for coverage. PHIS will be able to respond to any questions you may have regarding your 2021 health insurance policy”.
Tip 3: Be aware of important deadlines and dates outlined by the federal government. These dates include:
a. Sunday, November 1st: marks the first day you can enroll, re-enroll, or change a 2021 insurance plan through the Health Insurance Marketplace.
b. Tuesday, December 15th: OEP closes.
c. Friday, January 1st, 2021: The date when 2021 health insurance plan coverage begins.
Tip 4: Gather all necessary documents that are required in order to complete the health insurance registration process. The following documents will be needed for each member named in the policy:
a. Prior to starting the application, determine who in your household needs to apply or re-enroll for coverage.
b. Information about everyone applying for coverage such as home address, Social Security Numbers, birthdates.
c. For re-enrollees, policy numbers and plan IDs, for any current health plans covering members of the household.
d. Document information for legal immigrants.
e. Information about how taxes are filed. To reference, having past tax documents available will help ensure financial information is entered correctly.
f. Employer and income information for every member of your household that will be included on the policy. Pay stubs or W2 forms will need to be provided.
Dial explained, “Purchasing health insurance through the Marketplace can be a confusing process. There are several factors, government rules, and provisions to consider before purchasing health insurance. The OEP provides consumers the ability to shop for new plans and enroll for coverage. This is the only time consumers can purchase a qualified, guaranteed issue, Major Medical Health Plan, without a qualifying event.”
The certified insurance brokers at PHIS are prepared to assist consumers with all their enrollment needs. The dedicated PHIS Call Center consists of a team of multilingual, licensed health insurance professionals, who are trained to walk a client through the entire process of selecting a healthcare plan and enrolling them for their coverage, as well as responding to any questions they may have regarding their new health insurance policy. The PHIS Call Center will be available to assist consumers enrolling for their 2021 health plan. Consumers can call the PHIS Call Center at 800-342-0631 or access the company’s website at https://www.PHISonline.com.
About Preferred Health Insurance Solutions
Headquartered in Bedford Park, Illinois, Preferred Health Insurance Solutions (PHIS) is a national enrollment firm specializing in the Health Insurance Marketplace as well as a variety of other health insurance products including: Dental, Critical Illness; Short Term Major Medical; and others. PHIS, formerly known as ACA Marketplace Enrollment Solutions (ACAEnroll.com) provides enrollment services throughout the country, through national and regional insurance carriers. Consumers can call the PHIS Call Center at 800-342-0631 or access the company’s website at https://www.PHISonline.com.
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