The annual open-enrollment period for individual health insurance plans lasts only a few months each year, but sometimes a household’s financial circumstances change after the fact. For example, a bill for a major car repair or, for a self-employed individual, a lull in business may strain finances and make it difficult for an individual or family to pay their monthly bills. It can be tempting for some, especially for young and healthy individuals, to ditch their health insurance plan when times are tough. However, it’s not necessarily the best decision.
Health eDeals recently spoke with Julie Weigand, Director of RHA’s Outreach and Healthcare Division, and Fabiola DeCaratachea, Senior Manager of RHA’s Outreach and Healthcare Division about how to shop during open enrollment to prevent such situations as best as one is able—and what to do if you find yourself in a situation where paying for health insurance has become difficult.