Make changes now for coverage offered through the marketplace

If you are covered by insurance offered through the marketplace, listen up. Now is the time to review and update your information before the Dec. 15 deadline. 

As many people know, there are often big changes that happen with health plans from year to year. Your previous plan may no longer be offered, premiums may be going up, you may need to switch doctors, and you may not qualify for the same subsidy that you received in previous years.

If you do not review coverage and make necessary changes by Dec. 15, you could be automatically enrolled in a plan that you do not want and cannot change. And, if you do not update information about your income, you could learn during tax time that you will owe a substantial amount back for a subsidy that you should not have received.

The easiest way to do this may be to go to healthcare.gov and click on the links for updating your application or selecting new plans.

A qualified, licensed health insurance agent may also be able to help in not only making changes, but helping you to understand the various plans offered in your area.

Watch out for plans with premiums that seem too good to be true, that are not offered in the marketplace. These may be medical discount plans that are not qualified plans, and may not provide comprehensive coverage. If they are not qualified plans, you could pay a penalty at tax time. And, watch out for phone calls or emails from scammers who try to phish for your personal information. 

If you are not sure if a phone call, email or letter is legitimate, check with healthcare.gov, a qualified agent, or the office of the commissioner of insurance. 
 

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