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Open Enrollment 2020: FAQ About Buying Health Insurance

Open enrollment is the timeframe for when people can enroll in health insurance through their state’s marketplace. It usually begins in November and ends in December, depending on where you live. In Calfornia, open enrollment ends January 31, 2020. If you have health insurance through your employer, you will sign up for health insurance during your employer’s open enrollment. Learn more about buying health insurance through the marketplace during open enrollment.

 

How Do I Buy Insurance Through the Marketplace?

If you live in California, you can purchase healthcare coverage through coveredca.com. You will need your tax returns, social security numbers for your household, and other pertinent information. The process usually takes about 30 minutes. Healthcare open enrollment 2020 is from October 15 – January 31, 2020.

 

How Much Does it Cost to Buy Your Own Health Insurance?

To get the cost of your health insurance, you will need to apply through the marketplace. During the application process, you will be given the cost of your health insurance plan and your subsidy amount if you qualify for any subsidies. Depending on your income and family size, you may even be eligible for low-cost health insurance or no-cost health insurance.

 

What is a Subsidy?

A subsidy is financial assistance from the federal government. It’s not a loan; it is a grant, so you do not have to pay it back. There are two kinds of subsidies available from the federal government for individual health insurance plans: the advanced premium tax credit and cost-sharing reduction.

 

Am I Eligible For a Health Insurance Subsidy?

To find out if you are eligible, you will need to apply online through the marketplace. There are a few factors that determine your eligibility. The main factor is your income. You can qualify for a subsidy if you make up to four times the federal poverty level. Other factors include your family size and location. 

 

What’s the Difference Between Group and Individual Coverage?

Health insurance provided to employees by an employer or by an association to its members is called group coverage.

Health insurance you buy on your own, not through an employer or association, but through the marketplace is called individual coverage.

Group health plans tend to be less expensive than individual health insurance plans because you are sharing the cost with your employer. 

 

What is Special Enrollment?

The special enrollment period is the time when an individual can modify their current health care plan coverage based on any new life changes that have occurred. Making changes to your current health care plan can be implemented outside of the open enrollment period, but only during a qualifying life event.

Qualifying life events are significant events that affect your health insurance coverage and allow you to buy or make changes to your health plan. These events include marriage, childbirth, adoption, divorce, and more.

 

How Do I Buy or Change a Plan During Special Enrollment?

You can buy or change your health insurance plan through Freeway Insurance. Freeway offers low-cost health insurance to California residents. You can call us now at 888-904-8956 or get a free health insurance quote online. 

 

What’s the Difference Between HMO and PPO plans?

HMO stands for health maintenance organization.  PPO stands for preferred provider organization.

With an HMO plan, you pick one primary care physician. All your health care services go through that doctor. If you want to see any other doctor or health care professional, you will need a referral from your primary care doctor, except in an emergency.

PPO plans give you more flexibility. You don’t need a primary care physician. You can go to any health care professional you want without a referral, inside or outside of your network. 

 

How Do I Get Low-Cost Health Insurance in California?

If you live in California and need affordable medical insurance, call Freeway Insurance now. We provide low-cost health insurance to California residents. Call us today at 888-904-8956 before open enrollment ends. After open enrollment, you won’t be able to apply for health insurance until next year. 

Don’t want to call? You can also apply for low-cost health insurance online