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December 15 is only the first deadline

Authored by Bukaty Companies on December 15, 2014

If you haven’t selected a new individual health insurance policy yet, don’t panic.

True, Monday December 15, is the deadline to get coverage that starts on January 1, 2015.

But open enrollment runs through February 15, 2015. You can still switch plans or get a new health insurance with a February 1 or March 1 effective date.

If you want to switch plans but can’t get it done by December 15, here’s what you do: nothing.

If you do nothing, then you’ll keep the policy you have. If your monthly premium is going up, then you will need to pay the new amount on your January (and possibly February) bill, so you maintain coverage until your new policy starts.

Once you select a new policy, then you can drop your current plan. But you can only do this during open enrollment.

So, be sure about what you want to do.

After February 15, 2015, if you drop your plan (or don’t pay the bill), then you won’t be able to get coverage unless you have a qualifying event. (Things like getting married, having a baby, etc.)

Our enrollment center phones are ringing off the hook. However, we are taking appointments and we will get everyone enrolled before February 15.

If you live in Kansas or Missouri and we can assist you in finding you best health insurance options, on or off the Health Insurance Marketplace, please give us a call at 913-333-3389.

To your health!

Blog Category: Individual

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BUKATY PODCAST

Episode 12: Enrich your company's HSA benefits

Uncover the hidden benefits of health savings accounts (HSAs). Our in-house expert reveals why HSAs are the fast-growing employee benefit.

Episode 11: Regulation changes to know in 2020

Our compliance officer recaps the more significant regulatory from 2019 that will affect your business in 2020. 

Episode 10: Lower costs with a dependent audit

Verifying plan membership is valuable to your company's bottom line. As much as 10% of dependents on your plan could be ineligible for group coverage! Learn more about conducting a dependent audit in your organization.

Episode 9: Make open enrollment a breeze

Bukaty experts share their thoughts on how to avoid open enrollment complications. Planning and communication are key.

Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

Don't leave your managers untrained and unprepared. This episode explores the importance of training your company leaders and how it can be detrimental to your business if you don't.

Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

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