Here is some timely information that will help you sort through your options!!
You should have received a letter from your insurance company notifying you that
You can keep your policy in 2015 and what the rate will be in 2015; or
You cannot keep your policy in 2015, but you can be automatically enrolled in a new ACA compliant plan in 2015 at a premium of $XX.
If you enrolled through the Health Insurance Marketplace in 2014, you should also have received a notification regarding financial assistance for 2015.
Do not assume that the health insurance plan that you selected for 2014 or the plan your insurance company is offering to enroll you in for 2015 will be your best choice next year. There have been several changes in benefits, in provider networks, and rates. We even have an HMO available in 2015.
There are 4 insurance companies offering new individual health insurance products in Nebraska: Assurant Health • BlueCross BlueShield • CoOportunity Health • Coventry Health Care
There are older plans that remain in-force from Golden Rule and others, but these companies are not selling new products.
Here’s a quick comparison of the Silver plans that are available in Lancaster County, NE for a 40 year old non-smoker in 2015:
CoOportunity Health: Deductible/Out-of-Pocket Maximum – $4000/$6600; Premium – $261
Coventry Health Care HMO: Deductible/Out-of-Pocket Maximum – $3750/$6600; Premium – $267
Assurant Health: Deductible/Out-of-Pocket Maximum – $3500/$3500; Premium – $356
BlueCross BlueShield: Deductible/Out-of-Pocket Maximum – $1900/$6350; Premium – $360
All of these examples fit the definition of a Silver plan, but the benefits and premiums vary substantially.
Contact your health insurance agent to find out what ALL of your options are for next year. Update your information at healthcare.gov to be certain that any financial assistance you receive in 2015 is based on accurate information.
December 15th is the deadline for making selections that will be effective on January 1st. An enrollment that is completed in the last half of December will be effective on February 1st. The Open Enrollment continues through February 15th.
Merry Christmas from ComPro. May you unwrap lots of joy, love, peace and laughter!
by Chris McPike, Vice President
402-488-5100