Having health insurance protection is important for everyone. As an agent with BHI, I offer residents of Fresno, and the surrounding communities, a choice when it comes to their healthcare options.
Health Insurance in Fresno
It’s is renewal time for Covered California, the health insurance marketplace for Fresno residents. Autumn also ushers in the renewal season for most employer-sponsored health plans when many programs renew on January 1st.
Whether you are currently covered with Covered California, your employer, or do not have health insurance coverage at all, one thing is certain – now is the time to consider your health insurance options. Covered California has announced an expected 8.7% increase while individual plans will average a 3.2% increase for Fresno residents.
Timing is important when it comes to obtaining coverage for you and your family. Missing open enrollment periods could prove to be costly. Not only do late enrollment penalties apply, but also the IRS tax penalty for not having qualifying health coverage in 2018. With more than 522,000 residents, the enrollment period is a busy time for the health insurance industry. In addition, making the wrong coverage decision could result in overspending for your insurance coverage, medical costs, or both.
Take a moment to gather the necessary personal information for your family. This includes birthdays, social security numbers, and primary physician information. Fresno residents are six years younger than the average Californian, meaning your needs will likely be different from families in other parts of the state. Finally, review eligibility requirements and complete applications before any enrollment period begins.
Evaluate Your Needs
Nearly 85% of Fresno residents already have health insurance. However, this does not mean everyone has the best plan for his or her needs. Now is the opportunity to make sure the plan you have meets your specific needs. If not, you will want to spend the time necessary to shop for a plan that does.
Evaluate your situation and that of your family members. For example, married Fresno residents will have different plan options available than for those who are single. Take note of any prescriptions currently taken, ongoing medical issues, and past health issues. Then consider any procedures or examinations needed in the upcoming year. This will give you a general idea of your family’s general health insurance needs.
Consider Coverage Options
The landscape of health insurance options is constantly changing. Short-term medical, for example, will no longer be a viable option. Once you have prepared your family information and identified their medical needs, it is time to review available plans.
Before selecting a new health insurance plan, review your current coverage. Identify what aspects of the plan worked well, and which performed poorly. Calculate whether you met your annual deductible, how much you paid for medications out-of-pocket, and the amount spent on co-pays.