Open Enrollment 2019 - 2020
Open Enrollment is a period of time when you may enroll in insurance plans for the next year, like health insurance. Open Enrollment Periods are set up for Medicare, employer-provided health insurance, and the Affordable Care Act (ACA) health insurance.
“Life events” are instances where you may be eligible to get new coverage outside of an open enrollment period. Examples (provided by Verywell.com) of life events are:
- Losing a job
- Divorcing or getting married
- Becoming a widow or widower
- Aging off a parent’s plan
- Letting COBRA insurance expire
- Having a baby
There are specific open enrollment periods for each type of health insurance, as we’ll discuss below.
ACA Open Enrollment Period 2019 - 2020
The Affordable Care Act Open Enrollment Period for healthcare coverage in 2020 begins November 1, 2019 and ends December 15, 2019.
Like “life events”, the ACA Open Enrollment lays out specific events where you can get healthcare coverage outside the time window. These “qualifying events” are (according to Healthinsurance.org):
- Becoming a U.S. citizen
- Birth or adoption
- Involuntary loss of other health coverage
- Permanent move to an area where new health plans are available
- And more...
2019 Medicare Annual Election Period
The Medicare Annual Election Period begins October 15, 2019 and ends December 7, 2019. Medicare.com informs us that during this period, you can:
- Switch from Original Medicare to a Medicare Advantage plan.
- Switch from a Medicare Advantage plan back to Original Medicare.
- Switch from a Medicare Advantage plan to different Medicare Advantage plan.
- Switch from a Medicare Advantage plan that doesn’t include drug coverage to one that does, and vice versa.
- Join a Medicare prescription drug plan.
- Switch from one Medicare prescription drug plan to another one.
- Drop your Medicare prescription drug coverage.
For more information on Medicare Annual Election Period deadlines, check out this article.
Use an AMS for a Productive Open Enrollment Period
Open Enrollment Period is an extremely busy time for your agency, but using an agency management system (AMS) helps you increase organization and efficiency (and hopefully stay sane).
Agency Management System (AMS)
The best way to keep the craziness under control is to be extremely organized in an AMS.
An AMS keeps all of your Individuals, Groups, and Policies organized and updated. With a quick type-to-search or report, you can find any information you’re looking for in seconds. Save these searches to use throughout OE.
See some examples of what searches to save in this blog: Here's How to Not Waste 20% of Your Day Searching for Information.
Also, attach important documents to clients and their policies so nobody has to go searching for information.
Ensure every policy renewal and new incoming lead follows the same process for peak efficiency. Automate many of these processes with Automated Workflow and with the help of our Open Enrollment Email Templates!
What’s also extremely important during OE is the ability to run reports based on carriers and/or coverage types to find those anyone you might need to reach out to regarding changes for this year.
All of this making sense? See AgencyBloc for yourself in our quick, 5-minute overview video or by scheduling a live, 1-on-1 demo!
Schedule a Demo of AgencyBloc
Schedule a live, one-on-one demo to see how AgencyBloc can help your agency be organized and efficient throughout the open enrollment season.