Open Enrollment 2022-2023 – When is Open Enrollment for Health Insurance 2023?

The dates for policy year 2023 health insurance are encircling the media circles and internet feeds. The period of 2023 Open Enrollment Health Insurance starts on 1 November, 2022 and ends on 15 January 2023.

Let us see what essential changes might be expected and what 2023 holds for you and your family.

These are the dates you have to sign up within if you want to enjoy the extended benefits which do not come with other insurance plans. 

If you fail to apply for the insurance plans within this period, you might face limitations in getting insurance, changing the plans, or accessing discounted rates from tax credits.

Open Enrollment 2022-2023 health insurance period has similar dates for most of the states, although there are few exceptions for California, Massachusetts, New Jersey, Rhode Island, and Washington, D.C. All the mentioned states have extended open enrollment periods.

When is the Open Enrollment 2022-2023 for Health Insurance?

Except for the states with extended open enrollment periods 2022-2023, we have all the states in the US giving us the same date; that is, it begins with Tuesday, 1 November, 2022, and ends on Sunday, January 15, 2023.

Obamacare, also known as Affordable Care Act (ACA), is the health insurance marketplace that is offering a variety of health insurance plans for individuals and families. You have the freedom to sign up for the plan or acquire the services of a broker whenever you like in this period.

However, if you are to get health insurance as part of your job incentives, the employer would decide when to enroll you for the health insurance plans.

Mind you, the dates you, your broker, or employer chooses to sign up for the health insurance decide when the health coverage by the insurance company would begin.

Let’s say, if you want the insurance company to start covering your health insurance by the New year, you MUST apply for the open enrollment 2022-2023 before 15 December. Only this way you are letting the insurer kickstart the coverage by the new year.

And, by chance if you miss out on this opportunity simply because you did not know or there was no way of you knowing this key date, your coverage would begin on 1 February, 2023.

This goes without saying that for this to happen you must sign up within 16, December, 2022 – 15 January, 2023 period.

What if You Missed Out on Open Enrollment 2022-2023?

While the situation of missing out on your health insurance enrollment is not any less terrible, it still isn’t the end of the world. There still are other options you can venture to keep yourself from hanging on health risks.

If you missed out, there still are two ways you can save yourself from the inevitability of health risks that might come knocking and leave you bankrupt in the process. Because, the cost of treatment without health insurance is staggering.

Let’s see what they are.

1. Special Enrollment Period (SEP) for Qualifying Event

Special Enrollment Period (SEP) is basically the time outside the yearly open enrollment period, which usually provides the ideal health insurance options.

Below are all the events that make you qualified for the special enrollment period (SEP) if you couldn’t apply within the open enrollment period 2022-2023. 

Health-Coverage Loss Events

• Loss of Current Health Coverage
• Declared Ineligible for Medicare, Medicaid, or CHIP
• Loss of coverage through Parent’s plan

Household-related Events

• In the events of Marriage or Divorce
• Giving birth to a baby or adoption of a child
• The event of death in family

Residential Events

• A transition to a different ZIP code District or County
• Residential change for studies
• Residential change for temporary Workers
• A move to a Shelter or other transitional Housing Entity

2) Special Enrollment Period Low Income

A special enrollment period for low income is available to those who earn 150% of the federal poverty level. It is a sum total of $20,385 per year for individuals and $41, 625 for a family of four.

Why is a Trustworthy Broker Ideal for Open Enrollment 2022-2023?

Acting as an intermediary between health-coverage seeking aspirants and insurance companies, they provide you with an insightful pathway towards getting an insurance plan that matches with your needs and financial circumstances and a good broker is also aware of good options you might not be able to get on the healthcare exchange online.

A health insurance broker is often confused with a health insurance agent. Let’s see who they are and where they differ.

Broker VS Agent

An agent represents a single insurance company and all it offers to the consumers as viable options belongs to the company that employs him or her. Thus, they only represent one insurance company or at most a couple.

A broker is someone who represents YOU, the client, and aims to provide you with best options by helping you sift through a grand variety of plans from many different health insurance companies. A good broker’s judgment isn’t clouded by the pay raise incentive an insurance company might have in store for a dedicated agent in case he/she scores a lead.

Now let us discover how a broker comes to help us from our open enrollment to the point of getting a good insurance plan.

Eases Your Market Search Burden

U.S health insurance landscape is brimming with companies that have dedicated marketing campaigns and agents assigned to the one task – getting the most consumers.

They design their insurance plans in a way so that that makes them complex and too nuanced for 95% of the population or more. The details that look good on paper might show their weakness in real life when it matters the most. So, without the help of someone who knows the market and ins and outs of the matches, the odds of not getting the ideal deal are high. And that’s not even considering the fact that not all health insurance plans that are available are actually visible on the official marketplace, but are available to a great broker who keeps up-to-date about any available options.

While understanding your demands, diving into the sea of options and finding the best one for you is how a broker comes to help.

A Broker as a Trustworthy Perspective

Any plan seeker has a unique situation that constitutes different factors. So, comprehending the financial picture of the consumer is another task in itself. Many agents and even brokers might not have the ability, however, to see the bigger picture, so it is important to pay attention to how quickly the broker jumps to a recommendation instead of taking their time to have a conversation with you.

The main problem is still that a customer might not be fully aware of the plans he/she qualifies for, and the aspects that make them eligible for a plan they never really considered or even knew about before. For brokers, it’s always a two-way road. They take a deeper dive into your situation and match the option that outweighs the other plans. Details matter here.

Their presence throughout the buying process makes a huge difference in overcoming ‘search frictions,’ a term that alludes to the significant odds against the real-life occurrence of an ideal match between consumer and the product.

And if you choose to work with us here, at Vanderbilt Healthcare Solutions, we will also be there for you AFTER you have enrolled in a plan. Because, let’s be honest, it’s always nice to know you have a specialist just one phone call away, when you are unsure about something regarding your coverage or any healthcare questions in general.

To find out how to work with one of our brokers, either give us a call at the phone number at the top or check out our QUOTE PAGE here: https://vanderbilthealthcare.solutions/quotes/

Open Enrollment 2022-2023 Dates for Different States