Open enrollment season for health insurance is fast approaching, and many Americans might be considering a change in their policies. Whether you’re shopping for an individual health insurance policy, signing up for Medicare, or adding a Medicare supplement, now is the perfect time to review your coverage options. Below are a few things you should know about the upcoming open enrollment seasons.

Individual Health Insurance Plans

Unless you’ve gotten divorced, lost your job, or had another qualifying life event, you can only sign up for individual health plans during open enrollment, which runs from Nov. 1 through Dec. 15. Plans purchased during open enrollment go into effect on Jan. 1, 2021.

During open enrollment, you can compare plans yourself on the federal insurance marketplace, over the phone with an agent, or directly with insurance companies. A qualified insurance agent can help guide you through the options so you can pick the right coverage for your needs.

Medicare Open Enrollment

Those eligible for Medicare have a little more time to sign up since open enrollment spans Oct. 15 to Dec. 7. If your private insurance coverage or health care needs have changed this year, use this time to sign up for Original Medicare, Part D, and other policies. You can also switch plans during the open enrollment period if your current Medicare insurer’s prices or coverage is expected to change next year.

Unlike other policies, Medicare supplements are not subject to open enrollment restrictions; this allows you to sign up or change policies at any time. These valuable policies cover costs that Original Medicare policies do not, potentially saving you thousands of dollars in medical bills each year.

The health insurance industry can be confusing, and families throughout Cookville, Livingston, Sparta, Monterey, Crossville, Fairfield Glade, and Baxter, TN, rely on the agents at Wilmoth Insurance Agency Inc. for help. They have an in-depth understanding of the market and will ensure you get the Medicare supplement, coverage, or individual policy that meets your needs. Visit their website for more on their health insurance and Medicare supplement coverage, or call (931) 526-6181 to speak with an agent.