The Federal Health Insurance Marketplace will be open for business on November 1, and South Carolinians are encouraged to look at their health insurance needs and options for 2018, particularly with the shortened enrollment period which will end on December 15 of this year.
Currently, more than 230,000 people in South Carolina purchase a private health plan through the Federal Marketplace, up from 118,000 in 2014, the first year of the Marketplace. Of those that purchased a plan in 2017, 98% are receiving premium subsidies to help them pay for health insurance. Here’s some information to help you make the best choice for Marketplace coverage in 2018:
• Enrollment dates have changed. To access coverage in 2017, consumers had a 90-day window to sign-up on the Marketplace. That enrollment period has been cut in half for 2018, which now starts on November 1, 2017 and ending on December 15, 2017.
• Like Mama said, you better “shop around.” With premium increases expected on a national level, consumers should be more proactive in determining what plan provides the best value for their needs. Premiums may be increasing, but the Marketplace has improved side-by-side plan comparison and other features that should allow for a more straightforward shopping experience. Be sure to shop around to avoid being auto-enrolled in a plan without knowing your options.
For those seeking coverage who would like face-to-face help from a certified navigator or assistant, please visit www.signupSC.com or call 1-888-998-4646 to schedule a personal appointment with a professional.
For more information and to enroll in coverage beginning November 1, 2017 visit www.healthcare.gov.