Open enrollment under the Affordable Care Act (ACA) is under way, ending January 31, 2017, making this the prime time to review and either renew or change your current health insurance plan.
Know and understand your medical expense needs. It is a good idea to review your medical expenses over the past year. From deductibles to coinsurance, to prescriptions, do you understand where your money went. If you need help understanding what coverage would be best for you, be sure to meet with your insurance agent before renewing your current health coverage.
Keep copies of your medical expenses for the past several years. This will help you to better be able to review your out-of-pocket payments. For example, if your medical expenses are low, a high-deductible health plan with a health savings account may save you money in the long run, making it a better option for you.
It is important to know that if your employment has changed, and you earn less, the ACA subsidies may reduce your premiums.
It is important that you beat the rush for insurance in January and speak with your insurance agent now. If you are considering making changes to your current health care plan or wish to switch to another plan, contact Brazelton Insurance Group today!