Open Enrollment for health insurance began on November 1, and will last through January 31. That time period might give you the illusion that you have plenty of time to make a decision about your healthcare plan. But in reality, you’re probably going to be quite busy during the month of December. And if you don’t make a decision about your plan until after December 15, any changes you make will not become effective until February 1 at the earliest.
Rather than procrastinating until January, you should consider these three things right now.
Consider whether a FSA or HSA plan could benefit you. A flexible spending account (FSA) or health savings account (HSA) allows you to use pre-tax money to pay for healthcare expenses like premiums, deductibles, co-pays, prescriptions, and more. If you enroll in a high deductible plan, one of these accounts can help you budget throughout the year, in a tax-friendly way.
Weigh your options for dental and even those who have never had vision problems can develop them at any time (especially as you grow older).
Ask yourself these questions before selecting a healthcare plan.
How often do I (or other family members) visit the doctor?
Will my family structure be changing in 2017?
Are my healthcare needs changing?
Do I need prescription medications on a regular basis?
How much can I afford to spend on premiums each month?
What size deductible feels reasonable?
Those are just some of the questions you should be asking yourself. Next, give us a call, and we can help guide you through the process for selecting a health insurance plan. Remember, we’re a Covered California storefront, so we’re able to offer expert advice on our state’s health insurance exchange.