When should I change my health insurance plan?
A common question that we receive from clients is “when should I change my health insurance plan?” This is a great question. Just because you enroll with a plan through healthcare.gov or through a private provider does not mean that you are stuck with that plan for the rest of your life. Let’s face it; our lives constantly change, and you need to be able to adapt your health insurance plans to those changing circumstances.
- You get married. This one is a bit obvious; health care plans for married couples are quite a bit different than healthcare plans for individuals, and offer a lot more savings opportunities. Perhaps your spouse has a better plan through work than you do, and you would like to be put on that plan as well.
- You have a child. Again, adding a member to the family could complicate things with your health care plan. You want to make sure that you’re getting the best possible deal that accommodates everyone in your family.
- You get a new job. Perhaps you’re going from a job that came with health insurance to one that does not, or vice versa. A new job is a good time to revisit your health care policy to be sure that you’re getting all the coverage you need at the right price.
- You (or someone on your plan) have a new health issue. If you have a new health issue that requires special treatments or prescriptions, you need to be sure that you have the appropriate coverage so that you don’t have to consistently pay out of pocket for these expenses.
- You move to a new state. Any time you have a big move, you should investigate insurance options in your new location. You may be able to get the same coverage at a cheaper rate.
Basically, any time you have a major life event, it’s important to take the time to review your health insurance plan and make sure you have all of the coverage you need. If you have any questions about this or would like more information on changing your health care plan, please feel free to contact us today.