Open enrollment is coming in 4 days! Are you prepared to change your plan?
Here are a few key pieces of information you should keep in mind for the upcoming weeks.

1. The open enrollment deadlines have changed
Open enrollment starts Nov. 1, 2019, and continues through Dec. 15, 2019. But your coverage doesn't start immediately. If you sign up between Nov. 1, 2019, and Dec. 15, 2019, your coverage will start Jan. 1, 2020.

2. You must sign up if you don't have health insurance from another source
You need to sign up for health insurance during open enrollment if:

-You don't have health insurance through your employer or your spouse's employer.
-You don't have government coverage (such as veterans, Medicare and Medicaid)
-You're over age 26 and can no longer be on a parent's health insurance.
-You qualify for tax credits to help you pay for health insurance coverage.

3. This is the time to make changes to your current plan
What you can do during open enrollment:

-You can renew your current individual/family health insurance plan.
-You can choose a new health insurance plan through the marketplace in your state or through private insurance.

4. Marketplace open enrollment is only for health insurance
If you qualify for employer-sponsored health insurance, you will likely want to buy health insurance through your employer and will not be affected by the fall open enrollment period for the government-run marketplaces. Ask your employer when its open enrollment period is.

5. If you miss open enrollment, you may have to wait for a year to sign up
If you miss open enrollment on your state's health insurance exchange, you won't be able to sign up for coverage unless you qualify for a special enrollment period.


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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