When it comes to the wellbeing of yourself and your family, health insurance is one thing that you literally cannot afford to be without. Not only does a lack of health insurance mean that you will end up paying more in tax penalties, but not being insured could also leave you and your loved ones without options if you need treatment for an illness or in an emergency.
The new year is approaching fast, and that means that it’s time to start considering your 2019 health insurance options. By looking early, you will have more time to consider the different plans that are available and find the one that is perfect for your needs and your budget.
What’s the Cutoff Date for 2019 Health Insurance?
The 1st of November marks the first day of the enrollment period, so make sure you set a reminder for yourself. This will give you enough time to compare any plans that you discover in the final weeks of the year.
The enrolment period will last up until December 15th. It’s critical that you decide upon your insurance and purchase it by this date. This will ensure that you have coverage from January 1st, 2019, right up until December 31st of the same year.
The cutoff date has been changed for 2019 health insurance, so you’ll find that you have a bit more flexibility than in previous years. Even so, don’t wait until the end of the cutoff date to purchase your insurance. Start researching the plans that are available to you now, and this will make for a much easier decision when it comes to the enrolment period.
Have There Been Any Rule Changes?
There has been some confusion in the 2019 health insurance marketplace, particularly in terms of Obamacare vs. Trumpcare. Many people are familiar with the Obamacare system. Officially known as the Affordable Care Act, most of what we called Obamacare is still in place. Although President Trump has proposed some sweeping changes for health care, there are yet to be any new laws passed that would fundamentally change the system.
The only major differences for 2019 health insurance will be the abundance of plans available. Private insurers now have some more flexibility to offer competitive health insurance coverage at discounted rates. Insurers can offer low-cost health insurance that is more competitive than plans that are compliant with the old Obamacare era. Plans would be short-term, ranging from 12 to 36 months.
Although these plans will be less comprehensive than the Obamacare plans that people are used to, they will at least be much more affordable, which could make them ideal for people who don’t traditionally use their insurance in a calendar year.
Have You Considered What Kind of 2019 Health Insurance You Will Need?
There are millions of Americans who simply purchase the same health insurance plans, year after year. Many people get comfortable dealing with a single insurer, and for some of them it works out.
However, there are plenty of cases where staying with the same insurer is a bad idea. In terms of saving money, staying with the same insurer probably means ignoring what’s available on the market. Re-signing for the same plan every year could also mean that the coverage is outdated. Needs can change, and, as we age, our medical needs typically increase.
If you aren’t reviewing your policy every year then you could be exposing yourself to unnecessary risk. First is the risk of spending too much on a policy, and the second is the risk of paying for 2019 health insurance that doesn’t meet your needs.
Premiums and Deductibles and How They Impact Your Health Insurance
There are two critical elements of every health care plan that will determine how affordable it is.
- The first and most important figure to note is the monthly premium. This is essentially the cost of the insurance if you didn’t need medical services in that month. Higher premiums typically mean higher overall cost of insurance, but this also depends on how much you will pay for deductibles.
- The deductible on a policy is the amount of money you are expected to cover for your medical care before your healthcare plan kicks in.
The relationship between an insurance premium and deductible is important. If you have a history of requiring regular medical care, then a policy with a high premium and a low deductible will be ideal. This is because you would pay more every month, but you would have less out of pocket expense when you need to visit the doctor or receive treatment that is covered by your plan.
If you don’t visit the doctor often, and if you don’t have any existing illness or other medical condition, then a low premium with a high deductible would usually be best for your situation. You would save money by reducing your monthly spend, and if you only require a couple of doctor’s visits in a calendar year, then you will ultimately come out better off.
It’s all about finding the right balance when you choose 2019 health insurance.
Find the Perfect 2019 Health Insurance Plan with Mutual Health Partners
Everybody needs insurance. Not only will the right plan give you access to essential medical care and a safety net when you need it, but, insurance is also the law. You’ll incur significant penalties if you are uninsured, making it a much better idea to research your options and find a plan that works.
With Mutual Health Partners, you will have access to the best insurance plans for 2018, no matter what kind of coverage you need. Whether it’s a PPO with low deductibles, a more flexible POS insurance plan, or even an affordable HMO plan, we can give you the best options to compare, from America’s best insurers.
Trust Mutual Health Partners to help you find the right insurance for 2019. With the enrollment period coming up soon, now is the best time to talk.