Because of these changes, most Americans can only enroll in the kind of private health insurance that has been designated by the law as qualified coverage from Nov. 15, 2014 until Feb. 15, 2015, the open enrollment period. Except for special circumstances such as losing your job, getting married or divorced, having a baby or moving, this is the only time during the year that you can choose or make changes to this qualified coverage.
It’s important to consider your options carefully because, once the open enrollment period has closed, you won’t be able to make changes to your coverage until the following year. Other changes brought about by the ACA have dramatically changed the way many insurance carriers operate so it’s important for you, as a consumer, to be aware of these changes.
For instance, many insurance companies have changed their networks. This may mean that your coverage will only be accepted at certain doctors’ offices and hospitals. You may also want to consider the cost of any prescription drugs you require on a regular basis. Knowing the answers to these questions—and knowing the right questions to ask—can be a challenge that many Americans aren’t prepared to face alone. A consultation with a licensed insurance broker can be an invaluable resource.