Simple ways to navigate the health insurance market.

1. Missed open enrollment?

You may be eligible to get coverage from the marketplace if you qualify for a Special Enrollment Period.  

The good news is, Open enrollment 2019 is coming up fast, get all of your documents and information ready to sign up for health insurance.


2. How to find out if you qualify for a 2018 Special Enrollment Period
You may be eligible for a Special Enrollment Period if you’ve had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child.
Call your broker and insurance provider to see if your life event qualifies.

3. You can enroll in Medicaid/CHIP any time of year.
There’s no limited enrollment period for Medicaid or CHIP. If you qualify, coverage can begin immediately.
CHIP, The Children’s Health Insurance Program, is a health insurance plan that helps working families who do not have health insurance for their children.  The program was designed to cover uninsured children in families with incomes that are modest but too high to qualify for Medicaid.  Each of the states have different eligibility rules  For example the annual income figure varies depending on the size of your family.  For a family of two the income limit is $29,140 a year and for a family of six, the income limit is $59,060 a year. 
Medicaid is a government funded program that helps low-income families and individuals pay for the cost of healthcare. Medicaid has strict eligibility requirements.  Because Medicaid is different in every state, the requirements do vary.  The program is designed to help the poor so requirements usually are that the recipients have no more than a few thousand dollars in liquid assets.


4. Don’t forget to pay your monthly premium
Now that you have Marketplace insurance, you'll pay your premiums directly to the insurance company — not to the Health Insurance Marketplace. Your coverage won't start until you pay your first premium.


5. Stay healthy and get the care you need
A healthy individual will receive better premiums and prices on health insurance and life insurance.  We have a lot of information on how to stay healthy.  Check out our other blog posts on how to stay healthy for the long run.


Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance. 

 

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