Individuals participating in ObamaCare “Marketplace” plans are faced with tough decisions as the December 15 open enrollment deadline approaches. Marketplace premiums are going up – in many cases, by 30 percent or more. But there are fewer options. Last year, there were seven Marketplace carriers in Indiana; this year, that number has dropped to three.
While the Marketplace is still a good option for some people, especially if you qualify for a federal subsidy, there are several factors you should consider before making your 2018 enrollment decision:
- Check Your Network: Do you have access to your doctors and hospitals? Some carriers are cutting costs by contracting with smaller provider networks. If provider choice is important to you, check your network.
- Know Your Benefits: Make sure the plan you are considering provides the Minimum Essential Benefits mandated by the Affordable Care Act. If the proper benefits are not included, you could be faced with a tax penalty.
- Consider All Options: As the December 15 enrollment deadline approaches, make sure you know all of your options. IDA members and their staff have exclusive access to the IDA Insurance Trust. Trust premium adjustments have been significantly below marketplace averages, and the Trust still offers benefits through Anthem’s broadest network of physicians and providers.
For information on the Marketplace, non-marketplace small-group options, the IDA Insurance Trust, and Medicare supplement policies, contact someone you know and trust – your IDA Insurance Services team.
You can reach Ashley or Wanda at 800-417-6424 or TrustQuestions@INDental.org.