Open enrollment for Obamacare for 2015 is set to start on Nov. 15, 2014 and run through Feb. 15, 2015. During this time, consumers can enroll in a new health insurance plan on the exchange without worrying about being rejected by the insurance carriers. While most of the attention will be on the uninsured, the enrollment period is also a critical time for those who already have a plan through the exchange from last year. Many consumers may find themselves better off if they use this open enrollment period as an opportunity to shop around for new options.
If you’re already enrolled in a subsidy-eligible plan from 2014, the exchanges will automatically renew you in the same or a similar plan for this coming year. The keyword to notice here is “similar.” Insurance companies routinely alter their plan offerings from year to year with changes made to the out-of-pocket costs in plans. These may include higher deductibles, coinsurance or copays.
To find out more about your options log on to HealthCare.Gov .