What is an open enrollment period?
An open enrollment period is a set period of time that health insurance companies in Washington must offer to their customers. During open enrollment, people have the opportunity to buy health insurance or to change their existing policy. During open enrollment, people can review the coverage options available to them and choose the plan that best fits their needs. In addition, those who already have coverage can switch to a different plan with different coverage levels. Open enrollment also provides people with the chance to apply for premium subsidies. Subsidies can help make health insurance more affordable. In Washington, the open enrollment period usually runs each year from October 15th to December 7th. This provides Washington residents with a limited amount of time to review and purchase health insurance or to switch their existing plan. People who wish to make changes will need to do so before the last day of open enrollment. After the open enrollment period ends, people will only be able to buy or change their health insurance plans if they qualify for a special enrollment. Open enrollment is a key part of health insurance law in Washington, and provides people with the chance to review their options and find the coverage that best suits their needs. It is important to take advantage of open enrollment so that you can have the best coverage available.
Related FAQs
What is a coinsurance cap?What is a gap period?
What is a health insurance marketplace?
What is a Medicare Advantage plan?
What is an open enrollment period?
What is the difference between an HSA and a FSA?
What is the primary care physician rule?
What is a minimum essential coverage?
What is a provider network?
What is a health insurance plan selector tool?
Related Blog Posts
What You Need to Know About Health Insurance Law - July 31, 2023Top 5 Things You Should Know About Health Insurance Law - August 7, 2023
A Comprehensive Guide to Understanding Health Insurance Law - August 14, 2023
Navigating the Complexities of Health Insurance Law - August 21, 2023
The Ultimate Health Insurance Law Primer - August 28, 2023