It’s the time of year when schedules are filling up, holiday décor is filling the malls and people are booking travel for the upcoming holiday season. But if there’s one thing you don’t want to forget this holiday season, it’s your healthcare. Open enrollment for Nevada Health Link is happening now, and you’ve got until December 31 to make sure your healthcare coverage is in place.
Nevada Health Link Open Enrollment
To get started, here are a few things you should know:
You Need to Re-Enroll
If you think you’re off the hook just because your healthcare coverage is already in place, think again; you won’t be “grandfathered” into a plan in 2016. This is especially important if you’re in a subsidized plan; if you don’t re-enroll, you’ll automatically be placed into a non-subsidized plan. That said, if you qualify for Medicaid, it’s not necessary to re-enroll using Nevada Health Link.
Determine Whether You Qualify
Many Nevada residents won’t need to use the Nevada Health Link because they’re already covered under employer-provided plans. That said, if your employer’s plan costs you more than 9.5 percent of your income, or if it is not eligible under the Affordable Care Act, you can apply for a plan under Nevada Health Link. If you’re an individual making less than $46,680 per year, or a family making less than $95,400, you may qualify for subsidies.
Take a Look at Your Finances
Any subsidies you receive will depend on your financial situation. That said, if you miscalculate or misrepresent your income, you will have to pay penalties later. That’s why it’s important to know your exact annual income and other financial information before you apply online.
Get Some Help
Nevada Health Link offers self-service options, but that’s definitely not the only way you can get covered during Open Enrollment. An insurance broker, navigator or assistor can help you determine which plans are best for you and your family and whether you qualify for a subsidy. At Tyler Insurance Group, we know the ins and outs of the Nevada Health Link and are happy to help you get covered for 2016. Just give us a call today.