Beginning on November 1, 2020, individuals (including families) may apply for new health insurance, switch to a different health-care plan, or re-enroll in their current plan through a Health Insurance Marketplace under the Affordable Care Act (ACA). The open enrollment period for 2021 health coverage ends on December 15, 2020.Continue reading “November 1 Begins Open Enrollment for Health Insurance Marketplaces”
Finding the right health insurance plan can be daunting. Unlike most other types of insurance, health insurance policies usually incorporate some form of cost sharing, meaning you will likely end up paying more than just the cost of your premium. In order to ensure that you have the proper form of coverage, it is imperative to understand two of the most frequently confused components of health insurance plans, copays and coinsurance.