What You Really Need to Know About This Year’s ACA Annual Enrollment by Laura Sedlacek

LENOIR, NC (October 17, 2018) — If you have an individual health policy or are thinking about taking one out, then the time to do so is fast approaching.   The ACA (Affordable Care Act) Annual Enrollment Period for 2019 is November 1st through December 15th, 2018.  During that time period, you can take out an ACA individual health plan (on or off the Marketplace), make changes to an existing plan, or update an existing Marketplace application (income updates are the most common during this time.)

For 2019, in this area for individual major medical insurance plans we will only have one carrier again.  You will have a variety of choices from catastrophic coverage to plans with doctor and drug card copays.  Premiums are based on household size and income which affects the APTC (advanced premium tax credit aka subsidy) and whether or not you are eligible for financial assistance.  The same goes for enhanced benefits – those are also dependent on household size and income.

There will be a few new additional options for 2019.  You can choose to take out a Short-term health insurance plan for up to 12 months of coverage (not quite 365 days but close), hospital indemnity, accident plans, and a plan that reimburses for healthcare use after a deductible is met.  These plans do not fall under the ACA so they can be underwritten, coverage for pre-existing conditions may denied, etc.

It’s best to sit down with your local hometown insurance professional to go over all the choices to work out what’s best for you and your family.  You have a short window of opportunity to check into your options so be sure to start looking into it now.

~Laura Sedlacek is a member of the Elite Circle of Champions for the ACA Marketplace for helping people with their ACA individual health applications.  To learn more about your individual health or other similar options, please call her office at (828) 754-2601, email quotes@bushandassociates.net or visit her office at 916 Wilkesboro Blvd in Lenoir to make an appointment.  For more information, visit http://www.mynchealthplan.com