Individual Health Insurance – Your 2018 Open Enrollment Starts Soon

November 1, 2017 – December 15, 2017

Are you ready? The Affordable Care Act (ACA) as originally passed continues to be the law of the land. However, important changes took place throughout 2017 that may change your elections effective next year. Keep in mind:

  • 2018 Open Enrollments dates are shortened: You can make changes to your individual health plan, including Covered California™ plans, from November 1, 2017 to December 15, 2017, with a January 1, 2018 effective date. After December 15, you may not be able to enroll again until the 2019 Open Enrollment period without a qualifying life event.
  • Anthem: One of the largest carriers in California, Anthem made changes for their 2018 Individual health plan offerings. Coverage will be discontinued in much of the state, except the Modesto and Stockton areas, as well as Redding and Santa Clara County. For networks, Anthem will offer only an Exclusive Provider Organization (EPO) plan, which will likely change the specific, in-network doctors and practices.
  • Employers: The IRS released draft versions of 2017 Forms 1094-C and 1095-C with instructions. These are not yet final. Remember, the Form 1095-C for CY 2017 is due January 31, 2018 to ACA FTEs. Filings to the IRS are expected electronically by April 2, 2018. To date, there continues to be no guidance if specific penalties apply associated with the Employer Penalty rule.

If you are eligible, Medicare Open Enrollment dates remain the same as prior years: October 15, 2017 to December 7, 2017.  Any changes to Medicare plans will need to be done during this time.

Basi Insurance is here to help you navigate the often-confusing Individual health insurance market. If you have any questions, please call us at 209-847-3065.

This article is for general information purposes only. Basi Insurance Services, Inc. does not offer legal advice.

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