Do you qualify for a Special Enrollment Period due to Coronavirus (COVID-19)?
Due to these uncertain times surrounding the COVID-19, many people are finding themselves without jobs and subsequently without health insurance.
Through the Affordable Care Act, you may be eligible for an SEP if you experience a qualifying life event. This means you and your family can enroll or change your health insurance outside of the open enrollment period.
The loss of job-based coverage is a qualifying “life event” that makes you eligible for an SEP. You may have to submit documentation, such as a letter from your employer or insurance company or a notice about COBRA coverage, to confirm your loss of coverage.
Typically, the open enrollment period for individual health insurance for the calendar year occurs from Nov. 1 to Dec. 15, with an effective date of January the following year. Once open enrollment ends, you are unable to enroll in a new health plan until the next open enrollment period. But if you qualify for an SEP, you have 60 days from the day of your qualifying life event to change or enroll in another health plan. If you fail to take action within 60 days, you are without coverage until the next open enrollment period.
How do I choose an individual health plan in Raleigh, Charlotte or The Rest of NC?
Once you know you qualify for an SEP, it is time to consider your coverage options. IBA is here to help you determine the right health insurance coverage for you and your family. We offer individual plans outside of the Marketplace, as well as, Marketplace options. We are here to help! Please contact us at 919-303-9690 if you find yourself in need of non-employer health insurance coverage.
Let Independent Benefit Advisors serving Raleigh, Durham, Cary, Apex, Boone, Charlotte, Fuquay-Varina, Greensboro, Rocky Mount and other North Carolina locations help you make a decision regarding individual health insurance plans. Contact us today!