A qualifying experience is a significant life change that makes it possible to enroll in an alternative health plan outside the open enrollment periods. Some of these qualifying events include moving, adopting children, or having a birth.
The birth of a newborn is one thing that every new parent should do. Consider the best type of coverage for your family. You can lower your costs if you add a newborn into your high-deductible plan.
You can choose your plan more easily if you are prepared for life's major changes. These special enrollment periods can occur anytime during the year and usually allow you to choose a plan up to 60 days before a qualifying event occurs, such as birth or marriage.
Loss of Coverage is a Qualifying Event
Losing the minimum essential health coverage is one of the most common events that can trigger a special period. If you lose your coverage, such as if you get divorced, you need to show proof of that loss in order to enroll in a new plan.
Special enrollment periods can be triggered by other qualifying events. For example, if you lose your coverage under the plan of your parents when you turn 26, or if you become 26 years old. Turning 26 marks the point at which you no longer qualify to receive the same kinds of coverage as a younger person.
A new job is a qualifying event
You should expect a special registration period if you are starting a job. During this time, you can sign up for the employer's coverage. If you choose to purchase your own insurance, your employer-based coverage will not take effect until the next open registration period.
Change of Residence is an Event Qualifying
Gwen and her children may be able enroll in a different plan after moving from Miami. The new plan will cover her health as well as that of her family. This could save her money since she will not have to pay for the insurance premiums she would have had to pay if they stayed at their old house.
Divorce Is a Qualifying Events
Max, 25-year-old Brooklyn man who is divorced from his spouse, can enroll in another plan in order to make sure that he, his children, and their health care needs are met. It's a good time to review your options for coverage with Anthem, as many health insurance carriers offer plans that are designed to adapt to changing life circumstances.
If you are a first-year student and do not have dependents or have an existing special enrollment period, you may be eligible for a special registration period. You may be eligible for a different special enrollment period if you are a member of an organized religious group.