Effective today, November 1, 2017, healthcare open enrollment for 2018 has arrived! This year, open enrollment for the health insurance marketplace is a bit shorter than in previous years. The good news is, we are here to provide the crucial details you need to get healthcare coverage in 2018.
Open Enrollment 2018 Details
Below are the key dates for open enrollment 2018 and 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, 2017
- End Date: December 15, 2017 ( certain states have extended this end date like California and New York residents, for instance, will be able to enroll through Jan. 31, while Washington residents will have until Jan. 1st)
- Plan Effective Start Date: January 1, 2018
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 End Date: January 15, 2018
- Colorado End Date: January 12, 2018
- District of Columbia End Date: January 31, 2018
- Massachusetts End Date: January 23, 2018.
- Minnesota End Date: January 14, 2018.
- Rhode Island End Date: December 31, 2018.
- Washington End Date: January 15, 2018.
Open Enrollment 2018 Exceptions
There are two exceptions that would allow you to qualify for coverage today (2017) or at another date (outside of open enrollment) in 2018.
- You have a qualifying 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, 2017.
Open enrollment 2018 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 details here.
Open Enrollment 2018 Considerations
Planning healthcare can be difficult, especially a year at a time. Healthcare coverage comes with set monthly premiums costs but helps mitigate against larger out-of-pocket costs from expected or unexpected health costs. Review all the available plans to see what works best for you and your family so that you can minimize costs and maximize coverage.
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, Candor (Georgia Only) or Take Command Health) that help with plan review and selection for the individual (and family) health insurance marketplace.
Add a Lively HSA for Free
We know this can be a difficult financial decision. Which is why we made Lively’s HSA, free for individuals. If you select an HSA-eligible healthcare plan, like a high deductible health plan (HDHP), you can add an HSA. With an HSA, you can use tax-free money to pay for qualified out-of-pocket medical costs.
Even if you can’t save HSA money today, once you sign up and establish an HSA, you can retroactively pay yourself back for medical expenses that occur after that date. An HSA gives you options. It’s nice to get something for free, isn’t it? Especially in the healthcare space! Sign up for free today.
If you need more help with open enrollment decisions, check out our blog. We will make you a healthcare benefits expert in no time, without any extra work or effort on your end.
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.