Your window to open enroll in a Marketplace health insurance plan for 2018 ended on December 15, 2017.
While almost 12 million people enrolled before the deadline, there are certainly many people who didn’t make it.
If you missed the boat, don’t panic.
You may be eligible for a Special Enrollment Period.
Here are the four types of qualifying life events that make you eligible for a SEP.
There are a variety of reasons you could lose your health insurance.
Life can be unpredictable.
You never know what’s coming around the next bend.
Fortunately, the government allows for these special circumstances.
Any of these situations will make you eligible for the Special Enrollment Period.
While you’ll likely know about a move well ahead of time, you can still take advantage of the Special Enrollment Period for certain kinds of moves.
There are some situations that don’t neatly fit into another category.
If you miss your opportunity to enroll and you don’t qualify for a Special Enrollment Period, your options are much more limited.
A short-term plan can only be used for a maximum of three months but can come in handy for filling in the gaps.
If you’re in a difficult position, short-term insurance can have some benefits.
Your only other option is to wait until the next Open Enrollment Period for Marketplace insurance.
Keep in mind that to take advantage of the SEP, you’ll have to provide documentation for some of the qualifying life events.
It’s also important to note that you can enroll in Medicaid or the Children’s Health Insurance Plan (CHIP) at any time during the year.
You can’t always control the circumstances that come in life.
If you miss the Marketplace insurance Open Enrollment Period, you may qualify for the Special Enrollment Period.
If you find yourself in this situation, your best bet is to get in touch with a trusted insurance agent to discuss your options.
Are you wondering if you can qualify for the special enrollment period?