What is Open Enrollment? Open enrollment for individual / family health insurance is a set time period each year when anyone can purchase or change health insurance, for any reason. Outside the dates of open enrollment, you must have a qualifying event in order to purchase or change health plans. When is Open Enrollment? The dates of open enrollment are set by CMS (Centers for Medicare and Medicaid Services) and
December 15 is Key Date for 2014 Policyholders
If you are reading this, you probably know that November 15, 2014 is the first day of Open Enrollment for 2015 health insurance plans. You probably also know Open Enrollment runs through February 15, 2015. However, what you may not realize is the importance of another date — December 15, 2014. That date is important because it is the last day you can enroll in coverage with an effective date
How Long is My Health Insurance Coverage Effective?
In general, health insurance policies are effective for 12 months, and the period during which coverage is provided is called the plan’s benefit year. For individual health insurance policies — whether purchased on or off the exchange — the benefit year runs on a calendar basis, from January 1 – December 31. However, not all policies will be effective for the full 12 months. This is because the start date
