Like last year, this year’s open enrollment for the health insurance marketplace is a bit shorter than in previous years. Here are the crucial open enrollment details you need to get healthcare coverage in 2019.
Open Enrollment 2019 Details
Below are the key dates for open enrollment 2019, In case you haven't noticed, you only have 45 days to review and sign up for healthcare coverage for next year. Don't delay!
- Start Date: November 1, 2018
- End Date: December 15, 2018
- Plan Effective Start Date: January 1, 2019
Please note, certain states have extended open enrollment selection for residents, more on that below.
Open Enrollment End Dates (State Specific)
If you are signing up using your state individual healthcare market, the open enrollment end dates might vary. Here is the full list:
- California: October 15, 2018 - January 15, 2019
- District of Columbia: November 1, 2018 - January 31, 2019
- More states will be added as information is provided.
Open Enrollment 2019 Exceptions
There are two exceptions that would allow you to qualify for coverage today (2018) or at another date (outside of open enrollment) in 2019.
- You have a qualifying life event. This allows you to change or add coverage like having a child, getting married or losing coverage (from an employer, for example).
- You qualify for Medicaid or the Children’s Health Insurance Program (CHIP).
If these exceptions don't apply, you need to select and purchase your healthcare coverage for 2018 by December 15, 2019 (unless dates vary in your state).
Open enrollment 2019 Eligibility
- You live in the United States
- You are a US citizen or national (or be lawfully present)
- You are not incarcerated
- You are not enrolled in Medicare
If you have any questions, you can read the full detailshere.
Open Enrollment 2019 Considerations
Creating a strategy to review health insurance plans ensure you can navigate your way from cheap to value insurance plans. This ensures you find the best individual healthcare plan. Health insurance plans vary but in most cases maximized coverage at minimized cost is the goal!
Where to Sign Up
To find your state-sponsored healthcare exchange, go to healthcare.gov and navigate from there. You can also visit one of the many sites (like Stride Health or Take Command Health) that help with plan review and selection for the individual (and family) health insurance marketplace.
Want to Add a Free HSA?
A qualified HDHP (High Deductible Health Plan), like many on state exchanges, means you are automatically eligible for an HSA (health savings account). Open an HSA to save tax-free dollars for all of your expected and unexpected healthcare costs. Your HSA funds never expire, so they will always be there for your health costs.
Disclaimer: the content presented in this article are for informational purposes only, and is not, and must not be considered tax, investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate tax, investment, accounting, legal, and accounting professionals, as appropriate, before making any investment or utilizing any financial planning strategy.