Review existing health coverage now
MILWAUKEE - If you have individual health insurance coverage that will be ending in 2014, now may be a good time to review your options with your insurance agent.
If you have individual medical coverage, you will likely see some big changes coming in 2014. These changes may range from discontinuation of coverage to significantly higher costs for comparable plans.
However, if you take action now before Dec. 1, you may be able to lock into a more affordable plan that will meet your needs for most of 2014. Here are some questions that you might want to ask when reviewing your health coverage:
*How will changes in the affordable care act affect my coverage in 2014?
*When will my current health plan end?
*What kind of options will i be offered when my current plan ends?
*How will my existing plan or a new plan compare with plans being offered on the marketplace?
*Will I be eligible for a premium subsidy under the plans being offered?
*Are there any options available now for extending my plan in 2014?
*How much are my premiums expected to increase in 2014?
After getting these and other questions answered, it might also be a good idea to check out other health plans as well.
There will be a number of changes occurring with health insurance coverage in 2014. Now is the time to shop around and ask questions. It could save you a lot of money and hassles in the coming year.