How’s this for an understatement: Healthcare is expensive. Just how expensive is it? According to the Centers for Medicare and Medicaid Services (CMS), in 2020, the U.S. spent $4.1 trillion — or $12,530 per person—on healthcare. That’s 19.7 percent of the Gross Domestic Product (GDP), meaning we’ve now reached the point where nearly one of every five dollars in the U.S. is spent on healthcare. … Continue reading Where do your premium dollars go?
The Open Enrollment Period for plans on the Health Insurance Marketplace® is over. But even after Open Enrollment ends, coverage is available when you experience a Qualifying Life Event that may allow you to change or add to your existing coverage. When your family grows or you have another Qualifying Event, you are eligible for a Special Enrollment Period (SEP). You may qualify for a … Continue reading New family member on the horizon? Be sure to enroll your new addition.
When it comes to health insurance, turning 26 is a milestone. That’s because the Affordable Care Act (ACA) allows young adults to stay on their parent’s coverage until age 26. Turning 26 is what’s called a Qualifying Life Event. It means you are eligible for a Special Enrollment Period (SEP), allowing you to enroll in or make changes to your health insurance plan outside the … Continue reading Turning 26? Take action now.
If you are losing health insurance because of a divorce or legal separation, it’s important to understand your options. Like marriage, or the birth of a baby, divorce is considered a change in household, or a Qualifying Life Event. This means it may qualify you for a Special Enrollment Period. With a Special Enrollment Period, you can enroll in the Health Insurance Marketplace® outside of … Continue reading Buying health insurance after a divorce. Make sure you have the coverage you need.
If you are considering self-employment, but holding back because it would require you to purchase your own insurance, you may want to consider your options through the individual Health Insurance Marketplace®, or Healthcare.gov. At Healthcare.gov, self-employed means you have a business that takes in income but doesn’t have any employees. So, you can enroll if you’re a freelancer, consultant, independent contractor, or other self-employed worker who … Continue reading Venturing out on your own? Get the health insurance you need when you’re self-employed.
If you are considering early retirement, but not eligible for Medicare, you may be hesitant to leave your job because of health insurance. If this is the case, you may want to consider your options through the individual Health Insurance Marketplace®, or Healthcare.gov. The Open Enrollment Period for Marketplace plans takes place annually in the fall for the next calendar year. But even after Open … Continue reading Retiring early? Get the health insurance you need.
Has a life event left you without health insurance? You may qualify for a Special Enrollment Period. If you lost your health insurance and don’t have the option to enroll in an employer-sponsored plan, you can change or enroll in a plan through the Health Insurance Marketplace or directly from Blue Cross and Blue Shield of Kansas. You may even be able to get savings … Continue reading Life happens. When it does, be sure your health coverage is on the radar.
If you previously enrolled in health coverage on Marketplace, it is recommended that you update your Marketplace application on healthcare.gov with your expected income and household information and compare your current plan to what’s available for 2023. If you do not renew or enroll in a plan by December 15, 2022, you may be automatically enrolled in the same or a similar plan. In some cases, though, you … Continue reading Need to Know: Renewing Health Insurance on the Marketplace