Getting Ready For Open Enrollment
Are you ready for open enrollment? The first day to enroll in a health insurance policy for 2016 is November 1st. While most people who have health coverage from their employer do not have to worry about open enrollment, for those who are self-employed, unemployed, or a student, the date is very important to remember.
Not only is health insurance required by law, but it will help to keep you financially protected in case you get sick. If you are self-employed, having to take any extended time off due to a serious illness can lead to serious financial issues. Knowing that you are protected with the right health insurance policy can give you the peace of mind that you need knowing that you are covered when you are not feeling your best.
If you are unemployed, chances are your finances are already a little tight. Getting a doctor’s bill can drain what little savings you have left, or put your assets in danger if you do not have the funds to cover the visit. If you were recently laid off, you can get health insurance through the COBRA program. However, once your COBRA coverage expires, you will be responsible for finding your own individual policy to ensure that you are protected.
Many students are able to stay under their parent’s health insurance plan if they are under 26 years old. However, for those students who are older, or whose parent’s don’t have coverage, they will need an individual health insurance plan. Many colleges will offer health coverage for students that are more affordable than individual health plans.