Due to the ongoing pandemic, President Biden issued an executive order last week to open a new Special Enrollment Period (SEP) for enrollment in Marketplace insurance.
The ultimate goal of this order is to offer affordable and quality healthcare to families and individuals in the midst of the pandemic. It will take effect in all states covered by federally facilitated Marketplace insurance (yes, Tennessee is included!) The SEP is intended to offer additional time for uninsured or under-insured Americans to seek Marketplace coverage.
How do I know if I’m eligible?
To check the status of your eligibility, visit healthcare.gov.
I see that I am eligible, so what now?
Those who enroll under this SEP are allowed to select a plan with coverage which will take effect on the first of the month after enrollment. If you are currently enrolled, the SEP will allow you the unrestricted ability to exchange your current plan for one of equal or lesser coverage. However, those reapplying will be required to review their application and make any necessary changes or updates before submitting it. Following this, you will receive an updated eligibility result providing you with this SEP prior to enrollment.
FAQ
Will this SEP require any additional application questions or information (not included in typical SEP coverage)?
Nope! No need to provide additional information or documentation for this specific SEP.
Does this apply to Medicare beneficiaries?
No, this is relevant to individual and family plans regulated by Marketplace. Medicare has its own rules and guidelines.
How long will this SEP last?
February 15, 2021 through May 15, 2021, so don’t hesitate!