Healthcare keeps changing, and it can be difficult to keep up with the current rules. One of the biggest changes are the rules about the relationship between the insurance company and the insured.
The government has started requiring some kinds of specific coverages to be offered by the insurance company, while at the same time requiring people to purchase insurance policies. If you live in Santa Monica, CA, you can speak with the representatives at Express Financial & Insurance Services about how those changes apply to you.
The Healthcare Marketplace
Since 2013, there has been a marketplace run by the US government where Americans can search for economical healthcare options. Run on the site HealthCare.gov, it set up a system that was in many ways like the one people often had through their employers, with the same timespans including the open enrollment periods.
Individuals can still purchase their own health insurance through an insurance agent or through an employer or other organization, but the marketplace shows how much healthcare insurance has become standardized.
Open enrollment is usually from the middle of October to the middle of January for California. During that time, anyone can get a new individual or family policy, or change the people who are on a specific plan.
Otherwise people need to be able to claim a qualifying life event, which may include
- getting married
- getting divorced
- having a baby
- losing a job
- or another kind of change.
There are other options, too, even if you don’t fall within one of the exceptions. If you live in Santa Monica, CA and need a health insurance policy, or have questions about an existing one, please feel free to call Express Financial & Insurance Services today.