Assurant Health policyholders, we have an important update for you.
Assurant has announced its exit from the health insurance market as of December 31, 2015.
How Will this Impact Me?
If you are an Assurant policyholder, you should feel no immediate impact of Assurant’s decision to stop selling health insurance.
Assurant will continue to honor all existing policies, and your plan will continue to operate as usual until its termination date*.
However, you will need to secure new coverage when your current plan ends.
What Should I Do Now?
No action is required on your part at this time. You should continue to pay your Assurant premiums and use your policy as you always have.
If you want a basic idea of your options, you may browse other policies now by requesting a free quote here. We will send you email reminders with updated quotes in the coming months.
When Should I Look for New Coverage?
Your policy’s termination will be a qualifying event, making you eligible for a special enrollment period which begins 60 days prior to your plan’s termination date and extends 60 days after that date.
During the special enrollment period, you may purchase a new plan of your choosing.
You may also choose to buy a 2016 plan during open enrollment — November 1, 2015 to January 31, 2016. (Note, the deadline to purchase coverage effective January 1, 2016 is December 15, 2015.)
Either way, we recommend you begin researching your options for a new plan as early as September or October of this year. With numerous carriers offering many variations of coverage, choosing a new plan will take patience and time.
Virginia Medical Plans Can Help
At Virginia Medical Plans, we work with all the major carriers and can help you choose the plan that makes the most sense for you.
You can reach us by phone at 703-707-8270.
*All 2015 individual or family Affordable Care Act-compliant plans have a termination date of December 31, 2015.
