We’re making it straightforward so that you can maintain your Marketplace protection subsequent yr

Published on June 30, 2014

We’re working arduous to make it straightforward so that you can maintain your present Marketplace protection when your well being plan comes up for renewal.

Here are 7 issues to learn about renewal and auto-enrollment:

1. All 2014 Marketplace well being plans will come up for renewal in 2015. Open Enrollment for 2015 well being protection via the Marketplace begins November 15, 2014.
2. Your insurance coverage firm will ship you info this Fall about up to date premiums and advantages.
3. Review your plan’s 2015 adjustments to see if it nonetheless meets your wants. Call or go to the plan’s web site to ensure your physician and different well being care suppliers shall be within the plan community subsequent yr. Also make certain any prescriptions you’re taking shall be lined.
4. If you’re blissful together with your present plan and wish to maintain it–and your earnings or family measurement haven’t modified – you don’t must do something. The Marketplace will auto-enroll you in the identical plan for 2015.
5. If your earnings or family measurement have modified, you’ll must report that to the Marketplace so that you get the appropriate premium tax credit score. If you don’t replace this info, you’ll get the identical premium tax credit score you bought in 2014. If your earnings has gone up or your family measurement adjustments and also you don’t report these adjustments to the Marketplace, you might owe cash on the finish of 2015 if you file your tax return.
6. If you wish to change plans, you possibly can:
   • Choose every other Marketplace well being plan your organization affords in your service space if you wish to keep together with your present insurance coverage firm.
   • Choose a brand new well being plan from a distinct insurance coverage firm via the Marketplace.
   • Buy a brand new personal well being plan exterior of the Marketplace. If you do that, you gained’t be eligible for premium tax credit and cost-sharing reductions provided via the Marketplace.
7. In some circumstances, your present Marketplace plan gained’t be provided in 2015. If that’s the case, we’ll mechanically enroll you in the same plan so that you don’t have a spot in well being protection, until you select one other plan and enroll. Because your plan is ending, you’ll qualify for a Special Enrollment Period that allows you to enroll in a person plan exterior the Open Enrollment interval.