What You Need To Do Before The Deadline

What You Need To Do Before The Deadline

What You Need To Do Before The Deadline
Your Guide For Preparing For Open Enrollment To End

February 15th is fast approaching, which does not just mean you need to think of a clever Valentine’s Day gift. (Although you should; start preparing to wow your sweetheart now!) The 15th marks the end of the current open enrollment period. In other words, it is your last day to secure a marketplace plan in order to get the coverage you need this year and avoid tax penalty fees. To make sure you know what to do before the deadline, here is a brief guide.

  1. Estimate your income and preview plans that will be available to you. Make sure you are estimating your income correctly; dig out pay stubs if you need to double check. Your income will determine how much of a discount you can secure on your healthcare, and taking too much could mean having to pay it back in your 2015 taxes.
  2. Connect with an insurance agent you trust to begin the application process. He or she will be able to help you gather the necessary paperwork and ensure that your application is fully and accurately completed before the deadline.
  3. Secure the right plan for you. Get information about the plan that you have chosen so you will know what to expect this year as far as premiums, deductibles, and prescription costs. Your policy will also contain information about which providers are covered in your network.

Do you have an insurance agent on your side to help you understand the changing face of health care and how to keep abreast of the moving tides? Contact Employee Benefit Plans Inc. in Greenwood Village for all of your Colorado insurance needs. Our team is here to ensure you get the right level of health insurance at the right price.