Record Start for ACA plans

Only two weeks in to the Open Enrollment Period for individual and family health plans and we've already enrolled more than twice as many households as last year. Don't miss the boat! We only have until December 15th to get you coverage that goes into effect January 1st. If you enrolled in a plan last year you'll want to review your coverage for price changes and network limitations before next year.

If you did not enroll in a health plan last year and don't qualify for an exemption you may be faced with a penalty at tax time this year, next year the penalty will be more...Because every household is different, shopping for health coverage on the marketplace can seem daunting, but it doesn't have to be. Let us answer your questions about the Affordable Care Act and how it affects you.

Click here to Request a Quote or ask about your ACA Plan needs.

Medicare Annual Enrollment Period Ends Dec. 7th

A friendly reminder from RAI for all you procrastinators out there; this year the last day of the Annual Enrollment Period falls on a Sunday, so get your health or prescription drug plan reviewed ASAP! There are many price and formulary changes taking place for the new plan year and we want to make sure that everyone gets the opportunity for a policy review before the enrollment season ends.

Click here to Request a Quote or ask about your Medicare needs.

Medicare Advantage and Prescription Drug Plans: Frequently Asked Questions

Written by Nathan Callahan, Agent, Rosenbauer Insurance Agency

When is the Medicare's Annual Enrollment Period?

The Annual Enrollment Period or AEP is a period of time during the year in which Medicare beneficiaries are able to enroll in Medicare Advantage and Prescription Drug plans. In 2014 this occurs from October 15-December 7. Typically, NO changes can be made past December 7 for the 2015 year.

If you are already enrolled in or would like to join one of these plans, then this is a very important time of year for you. These health and drug plans may change their benefits, premiums or coverage areas on an annual basis so it's vital to review your plan during this time to ensure it's still the right fit for you.

During the last year have you changed the prescription medications that you take or been diagnosed with a new medical condition? 

If so, your current plan may no longer be meeting your needs, or, you may qualify for a plan with more generous benefits. It is recommended that you read carefully you annual notice of change letter, or even better, schedule a review with your insurance professional to make sure your plan is going to meet your needs in the upcoming year.

Is your current health or drug plan changing for next year? How will you know?

Health and drug plan sponsors are required to send an Annual Notice of Change letter by October 1, 2014 to current members that details any changes the plan will be undergoing for the next calendar year. The costs of your plan could go up or down and the formulary (list of covered drugs) can change. Co-pays can also change from one year to another. Sometimes plans change the entire benefit structure or even stop offering coverage altogether. 

Because of these changes it's important to stay up to date with your plan and if necessary switch to another plan that better suits you. We can help you compare plans in your area and enroll you in a plan if you choose. Just call or email us to get started.

For more information, visit www.RosenbauerAgency.com