Monday, November 2, 2015

MARKETPLACE OPEN FOR ENROLLMENT

Open Enrollment for policies both on and off the federal Marketplace began yesterday. The Indiana Department of Insurance (IDOI) encourages Hoosiers to shop and compare different plan options to find a plan that best meets their health needs and budget. For 2016, there is an average of a 12.6 percent decrease in the cost of the second-lowest cost silver plan. Hoosiers receiving premium tax credits (PTC) could see a significant insurance in their costs if they remain on the same plan because of the way the federal government calculates PTC.

Hoosiers should review their current coverage, update Marketplace applications, compare your current plan with other plans, check to make sure your physician and prescription drugs are covered by the plan you’re considering, select a plan that meets your health needs and budget, and enroll in a plan.

Open Enrollment continues through January 31, 2016. However, you must both enroll in a plan and pay the first month’s premium no later than December 15, 2015 for your coverage to begin on January 1, 2016.