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What is a Special Enrollment Period?

by | Oct 22, 2024 | Health Insurance

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Purchasing Health Insurance During a Special Enrollment Period

Enrolling in a health insurance plan can be a daunting task, and if you aren’t aware of deadlines and “Open Enrollment” guidelines you may have missed your chance altogether. Before worrying too much, you may want to see if you could still be eligible for a special enrollment period. The special enrollment period is always within 60 days of a life event. A “Life Event” is an event such as the birth of a baby, losing group coverage through an employer, losing coverage due to a move to Nevada, marriage, any many other scenarios.

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What is a (SEP) Special Enrollment Period (mobile vertical)

Don’t Go Without Health Insurance

Missing Open Enrollment or finding yourself in need of health insurance outside of the Open Enrollment period does not always mean you have to be uninsured for the entire year. A health insurance agent can help guide you through the process of determining if you are still eligible to apply for health insurance in Nevada. If you’re not, perhaps a short-term health insurance plan may get you by until the next open enrollment period which is yearly starting November 1st through December 15th. (End dates of Open Enrollment can change year to year, please call us for this year’s end date).

How Can Life Changes Affect Your Health Insurance?

To receive a health insurance policy that is affordable and viable for your family, you need to promptly report all life and income changes to your health insurance agent. This allows your agent to continuously match you with an insurance plan that offers the best coverage at the best price for your family. Plus, it helps keeps you out of trouble with the IRS!

If your income decreases or increases, or you welcome a new family member, your health insurance premiums will change. This could affect your eligibility for other cost savings programs. Any time you have a change in family size, or income changes, it’s very important you report these to your agent as soon as possible! There are deadlines and coverage consequences with changes. Therefore, it is SO important to keep your health insurance agent up to date on family, income, and life changes.​

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Life Changes That Make Your Health Insurance Plan SEP Eligible

There are several different life events that will allow you to make changes and/or enroll into a health insurance plan. Loss of health insurance due to a change in jobs, loss of eligibility for Medicaid, ending of your Group Coverage, plus many other changes that result in a loss of health insurance, can be considered a life change. Changes to your family “household” (members on your tax return) may also be qualifying life changes. If you got married, divorced, and lost health insurance, had a child, or lost a family member due to death, you may qualify for a special enrollment period (SEP). Remember though, you only have 60 days to contact your health insurance agent and make a change.

Contact Nevada Insurance Enrollment to Find Out if You Qualify for a SEP

Unsure of whether your life change or income change qualifies you for a special enrollment period? If you need to report a life change or purchase health insurance during an SEP, call Nevada Insurance Enrollment today and speak to one of our health insurance agents. We specialize in getting you the very best rate you are entitled to, creating custom health insurance solutions for individuals and families in Las Vegas, Northern Nevada, or Statewide Nevada.

What Does Guaranteed Issue Health Insurance Mean?

What Does Guaranteed Issue Health Insurance Mean?

Guaranteed issue means that the health insurance coverage is guaranteed to be issued to applicants, regardless of their medical history, their age, their gender, or any other factors that might increase their likelihood of using health services.

Health Insurance Deductible

Health Insurance Deductible

A deductible is an amount you pay before the Insurance Company starts paying. Health insurance plans will have different deductibles. You’ll be expected to pay the whole medical bill out of your own pocket until you’ve paid your deductible.

Comparing Medicare Advantage To Medicare Supplement

Comparing Medicare Advantage To Medicare Supplement

During the Medicare Annual Election Period (AEP), which is from October 15th through December 7th each year, many people may ask the question, “Do I want a Medicare Advantage Plan or a Medicare Supplement Plan (Medigap)?”

 

By page visits (this month)

#1) Health Insurance Subsidy Chart

#2) Health Insurance

#3) Health Insurance WITH a Subsidy

#4) Insurance Blog

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By page visits (this month)

 

#1) Health Insurance Subsidy Chart

#2) Health Insurance

#3) Health Insurance WITH a Subsidy

#4) Insurance Blog Posts

#5) Request a Quote

Health Insurance Coverage Effective Dates

Once you have picked a health insurance policy and paid your first month’s premium, you probably expect your coverage to begin immediately. However, depending on when you enrolled and under what circumstances, you may have several weeks before your health insurance coverage takes effect.

Health Insurance ‘Metal’ Plans Explained

Health insurance companies that sell plans on the Health Insurance Marketplace can offer four types of qualified health insurance plans, including Bronze, Silver, Gold, and Platinum. The plan you choose determines not only the premium you pay but also what portion of your health costs you pay.

Health Insurance For Snowbirds

Finding a health insurance plan that covers your preferred healthcare providers and necessary medications can be a challenge, especially if you split your time between two states or travel frequently.

You Can Still Buy Health Insurance From a Local Agent

The way health insurance is being marketed may give you the wrong impression that Nevada Health Link is the ONLY place to buy health insurance these days, but that is NOT the case. You can continue to buy your health insurance from the same agents and agencies you’ve always bought your health insurance from.

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