For over a decade, there have been Enrollment periods for Health Insurance. It doesn’t matter if it is a group plan or an individual plan. The following is for Individual plans.
When?
Medicare Annual Enrollment Period starts October 15th 2024 and ends December 7th 2024.
Health Insurance Open Enrollment ( WA State) starts November 1st 2024 and ends January 15th 2025.
It is not a problem to set appointments or reminders early. Select one using our Calendar and it will even send you a reminder text and email.
Why do Enrollment Periods exist:
Enrollment periods for health insurance exist for a few reasons:
Planning: Insurance companies need to plan and budget for the coverage they provide. Enrollment periods help them estimate how many people they will need to cover, so they can allocate resources properly.
Fairness: Enrollment periods prevent people from signing up for insurance only when they need medical care. This helps ensure a balance in the risk pool and prevents costs from skyrocketing. We have requests throughout the year that are forced to wait until the following year because they delayed enrollment or let their coverage lapse.
Stability: Insurance markets need a stable pool of enrollees to spread the costs. Enrollment periods help avoid sudden changes in the insured population, which could lead to financial problems for insurers and higher premiums for everyone.
Responsibility: Enrollment periods encourage individuals to take responsibility for their insurance coverage. It ensures that people actively engage in the process and make informed decisions about their healthcare choices.
Efficiency: Enrollment periods streamline administrative processes for insurance companies and healthcare providers. They make it easier to handle applications, verify eligibility, and manage enrollment-related tasks. The Wenatchee Enrollment Center runs seven days a week to accommodate local needs.
Additional insurance info:
Remember that enrollment periods can vary depending on the type of insurance and certain life events may qualify for special enrollment periods outside of the standard ones. If you don’t have insurance, then we want to run the application to catch if you qualify for a special enrollment.
Programs such as Apple Health and Native American Health have year-round enrollments.
Medicare has it’s own rules three months before you turn 65 and three months after. This blog goes into the details as we have a lot of people scheduling early to talk with Suzie.
Topics: Enrollment Period, Health Insurance, Medicare, Annual Enrollment Period, Open Enrollment, Enrollment Center, Special Enrollment, Healthplanfinder, Suzie Health, Wenatchee Insurance, Quincy, Apple Health, Molina, Premera, Community Health, Tax Credits
