In 2020, 28 million people in the United States were not insured at all at any point that year. That number is staggering given the COVID-19 pandemic was in full swing in the U.S. at that time.
It’s more important now than ever to have health insurance, so if you’re not insured, it’s crucial that you act now. Allow us to be your advocate as we help you navigate crucial questions.
We have compiled answers to questions like, “When does health insurance start?” or “What types of insurance exist?” At FutureWise, we want to help you be prepared for any unexpected events that may come your way. Keep reading to find out how we can serve you.
What Types of Health Insurance Plans Are Out There?
We offer assistance with getting insurance coverage for individuals, families, and smaller groups such as small businesses. Other insurance plans we can help you navigate are short-term plans.
Short-term health insurance plans may be put into effect following life events such as losing your job; you may anticipate needing insurance for a short period or until you get coverage through your new employer.
Medicare is an insurance that people over the age of 65 qualify for. There are situations in which some individuals may be eligible for Medicare even if they are under 65, such as in the event they have certain disabilities. We can help you find out if you qualify.
When Does Health Insurance Start?
Health insurance plans are effective depending on the time of the month you sign up. If you enroll in a plan during the first half of the month (by the 15th), your insurance coverage would be effective on the 1st of the following month. If you sign up during the second half of the month, you have to wait an additional month for coverage to kick in.
Open enrollment through the Health Insurance Marketplace® began on November 1, 2021. To have coverage for 2022 through the Health Insurance Marketplace®, you must sign up by January 15, 2022.
If you meet the deadline, your coverage start date would be February 1, 2022. You still have time, so act now!
There are circumstances in which individuals may enroll in a health insurance plan outside of open enrollment. Special circumstances include sudden unemployment, marriage, and divorce.
What is the Best Health Insurance?
Many consider Preferred Provider Organization (PPO) insurance plans to be the best for several reasons, including:
- The ability to see any medical provider
- Reduced costs to see medical providers within their network
- No referrals are needed for specialists
However, PPO health plans do not all offer the same benefits. Although all insurance plans have similarities, the differences are significant. Some of the determining factors to consider when choosing an insurance plan include prescription coverage, hospital benefits, outpatient copayments, and deductibles.
Get Insured Today
We have discussed different aspects of medical insurance, but two questions remain. Personally, “When does health insurance start?” and “What is the best health insurance for me?”
Based on your financial situation, health status, employment, and other circumstances, you can use our website to find out which is the best insurance for you and, therefore, when your health insurance starts. At FutureWise, it is our pleasure to help you navigate your situation.