Individual Insurance Open Enrollment Period Begins November 1st
Jae Oh, author of Maximize Your Medicare, discusses what you need to know about the Individual Insurance Open Enrollment Period beginning November 1st for Medicare Plans.
Key Takeaways
- Start enrollment on November 1st at healthcare.gov or your state's specific portal to access the Inflation Reduction Act's extended advanced premium tax credits, which can save you up to $1,000 per month on premiums
- Expect healthcare premiums to increase 9-12% year-over-year due to inflation, making it critical to refresh and compare your plan options rather than auto-renewing your current coverage
- More national insurance carriers are entering markets they've been absent from for up to 10 years, giving you more plan options to choose from in your location
- Use free quoting tools on healthcare.gov as a starting point, but consider getting guidance to navigate plan details, deductibles, and out-of-pocket maximums rather than selecting based on price estimate alone
Jae Oh, author of Maximize Your Medicare, discusses what you need to know about the Individual Insurance Open Enrollment Period beginning November 1st for Medicare Plans.
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