2017 Open Enrollment Period and Divorce

It is that time of year again.  It is time to select health insurance coverage for 2018.  Open Enrollment period is from November 01, 2017 to December 15, 2018.  It is important to enroll during this period, or you may not be eligible for 2018 health insurance coverage.  However, certain life events allow individuals to enroll in a healthcare plan outside of the Open Enrollment Period.  This period outside of open enrollment called the Special Enrollment Period.  If you qualify for the Special Enrollment Period, then you should enroll within 60 days of a qualifying “life event”.  If you are going through divorce proceedings, moving, or losing coverage, then these events classify as life events. Please note these are not the only life events that may allow an individual to qualify for the Special Enrollment Period.

Going through a divorce is difficult.  It is important that all parties involved transition to divorcée as seamlessly as possible.  Preparation and Planning can make the transition smoother.  As an effective financial plan, it is important to calculate the cost of insurance.  Plan accordingly by researching healthcare market plans.