Obamacare open enrollment period begins November the 1st through January 31st for Texas residents, which is just a few weeks away. Being prepared ahead of time can save you a lot of time and headache come November. Here are a few things to consider that can save you both time and money:
Explore your options:
While you might have a policy already, it might not be the best plan or price for the service you’re receiving. Plans can change from year to year, and in the case of some plans, be completely discontinued by the carrier. A Texas health insurance broker can assist you with reviewing your options and making sure you don’t miss a better deal.
Determine if you can receive a subsidy:
Make sure when comparing your options – either yourself or with a Texas Health Insurance Broker – that you explore the possibility of receiving a federal subsidy. Always use your most up to date income statements, both to see if you receive a subsidy this year, and to make sure you don’t overshoot and have to repay next year if you receive too much subsidy this time around.
Make sure you understand your co-pays, co-insurance, and deductibles:
Your health coverage is more than just your monthly premium – all policies have specific terms regarding what you pay out of pocket for service from a health professional. Sometimes lower out of pocket expenses can make a slightly higher monthly expense worthwhile and ultimately save you money.
Recruit a professional:
All of the above can be daunting, confusing, and a lot of complicated number-crunching. The best way to make sure you get the best plan for your money is to contact a licensed health insurance broker. Custom Health Plans is a full-service health insurance broker that knows the ropes and can help you navigate the new health insurance marketplace.
Don’t wait until the last minute to explore your options! We can help you navigate the health exchange and save you time and confusion! Call us TODAY at 877.749.2241 to see how much you can save!
Health insurance is a vital part of any financial plan to ensure your ongoing health and wellness. As a result of some of the changes to the marketplace (the Affordable Care Act, also known as Obamacare), any decision you make can affect your finances and possibly your health for the entire year to come. Why leave anything to chance? Custom Health Plans can ensure you are able to enroll in the best plan at an affordable price. Call us today at 877.749.2241 to explore your options!