There are some shifts that are expected with the passage of time and others that seemingly come out of nowhere.
Either way, the ebb and flow of life may necessitate some adjustments to your healthcare coverage.
With Open Enrollment happening now (November 1, 2020, through December 15, 2020), it’s time for you to evaluate your current plan and decide if it still meets your needs.
Let’s take a look at some of the circumstances that may require you to make a change.
1. Your doctor no longer takes your plan
Did you know that it’s good for your physical and mental well-being to work with a doctor who you trust?
Think about it: You’re much more likely to completely share the details of your health with someone you feel is hearing you.
That feeling of confidence in a physician isn’t always easy to come by.
2020 is bringing quite a shake-up in terms of providers and what insurance plans they will and won’t accept.
If your trusted doctor no longer takes your plan, you’ll want to talk to an independent agent to see if a switch in plans will allow you to keep your provider.
2. Your premium isn’t affordable
A new calendar year often brings rate changes.
If you find that the cost for your plan is going up significantly, a change may be in order.
Get a good grasp on what your needs are before you automatically get the cheapest plan available – it may not be the best choice for the long haul.
You may find that the least expensive plan also has:
- A higher deductible.
- A higher copay.
- More expensive coinsurance.
- A smaller provider network.
All of this can add up quickly and cause you to delay getting the care you need.
3. Your medication is more expensive
Formularies (the list of medications an insurance plan covers) change each year.
If you find that a medication you take regularly will no longer be covered by your current plan, you’ll want to talk to your independent insurance agent to see what your best option is, which may include changing to a different plan.
4. Your plan is unavailable for 2020
Sometimes the choice isn’t yours.
If your plan is no longer available, you’ll have to choose a new one.
It can be a scary, uncertain spot to be in, but don’t panic.
Talk to your agent who can look at your current plan and find a new one that’s as close as possible to what you have and is a good fit for your particular circumstances.
Get the help you need to enroll in a health insurance plan
Even expected change can throw you for a loop at times.
Add to that the confusion that comes with navigating the healthcare system and you have a recipe for hasty choices that don’t meet your needs.
Don’t wind up with an insurance plan that costs you more than you can afford yet doesn’t offer adequate coverage.
Meet with an insurance expert who will be able to look at the big picture of your situation and recommend the plan that’s best suited to you before the Open Enrollment Period ends on December 15.
Give us a call at InsureOne Benefits so that we can take some of the burdens off your shoulders.
Have you experienced any changes in your circumstances that require you to look for a new insurance plan?