As we approach the Affordable Care Act’s Open Enrollment period from November 1, 2021, through January 15, 2022, for 2022 plan year coverage, you are hopefully thinking about renewing your policy and any potential changes to be made to your current health insurance products.

Let’s work through the steps now of the renewal process to ensure that you don’t end up footing a higher bill for health insurance in the coming year.

1)

First, take the time to review your choices and their costs as if you do not, the Marketplace will automatically re-enroll you in your same plan, regardless of its current price, at the end of the Open Enrollment period.  

To review your options for Health Insurance and ensure that you are getting the best medical coverage at the best rates, fill out this form: Smart Solutions to your Affordable Insurance Needs.

2)

Next, you will need to update any vital information about yourself and your dependents that may have changed, mainly due to the COVID-19 pandemic, such as your annual income level, home address, and the number of people on the policy.

3)

And you will need to review the current premium tax credits or subsidies you are allowed toward your insurance in 2022. You may be surprised to find the amount has increased due to temporary increases in funding made to the ACA during the pandemic, changes that are likely to become permanent in the coming year.

Finally, pick your plan(s); due to any change in subsidies, you may find that for the upcoming year, you want to add on additional coverages that you could not afford in the past, such as dental and vision policies. Or, upgrade your health insurance to a different metal tier!