Published on March 31, 2016
If you’re enrolled in a 2016 medical insurance plan, right here’s what it’s essential to know to about getting the complete advantage of your well being protection and protecting it updated.
4 medical insurance ideas to make use of all 12 months
- Pay your first month’s premium to your plan in case you haven’t already. You should pay it every month to maintain your medical insurance advantages.
- Submit any lacking paperwork. If you get a discover saying there are information matching points or “inconsistencies” in your utility, some info you supplied doesn’t match our information. To keep away from shedding your well being protection or financial savings, observe the instructions within the discover and submit paperwork.
- Update your revenue and data if it modifications. Report any life modifications — like modifications in revenue, family dimension, or residence, or different protection affords — as quickly as they occur. These modifications could have an effect on your insurance coverage protection or financial savings — and your tax invoice subsequent 12 months.
- Be positive to file your 2015 taxes. If you had a 2015 plan with a premium tax credit score, it’s essential to file a 2015 federal revenue tax return. If you don’t, you might lose any financial savings you’re getting on a 2016 plan.
Didn’t enroll in a 2016 medical insurance plan?
Open Enrollment for a 2017 well being plan begins on November 1. But in case you qualify for a Special Enrollment Period, or Medicaid or CHIP, you’ll be able to apply for 2016 protection now.