Does anyone else feel like their Instagram feed was just a giant wedding album for friends this summer? While the Healthcare Hustlers love a good wedding, we also know they can put a huge dent in your wallet. That’s why we like to know our options when it comes to switching to a (possibly) cheaper health insurance plan.
First, sit down and review how much of your health insurance plan you actually use (check out our article on health insurance plans if needed) If you aren’t utilizing the plan you are currently enrolled in, you might be able to change!
Below are some of the major “qualifying life events” that allow you to change your insurance plans.
Open Enrollment at your job. This usually happens between October and December, but varies by company. If you aren’t sure, email your HR department.
Losing your job
Starting a new job
Losing student health insurance
Losing eligibility for Medicare, Medicaid, CHIP
Becoming ineligible for your parent’s insurance plan at age 26
Death of a spouse or domestic partner
Having a baby
Adopting a child
Becoming a U.S. citizen
Note: The ACA Exchange plans have even more reasons for a Special Enrollment Period. For a full list of qualifying events for an ACA Exchange plan, click here.
Ready to change your plan? Contact your HR for a plan through work, or go to healthcare.gov and click “Get Ready to Keep it/Change.”