Open Enrollment Window Open for Some

The window for open enrollment is currently open in many civilian jobs. Open enrollment, or Open Season, is the one time of year you can make changes to your heath insurance plan without needing a qualifying life event. For most people the open enrollment window is only open for 2 weeks, so check with your Human Resources department for your schedule, and examine your health insurance options carefully.

Open enrollment window of opportunity

Since open enrollment only comes once a year, you need to be ready to go over your health insurance needs and examine which health plan is best for you and your family. If you are happy with your current plan, you probably don’t have to do anything to continue coverage, with the exception of flexible spending plans which, by federal law, require you to enroll in the program annually.

Research health insurance costs. You will also want to verify the cost of your elected health insurance plan, as health insurance costs are rising quickly these days. My employee sponsored group health plan rates rose 30% last year, which unfortunately, fairly common these days. It is possible to save money on your health insurance premiums; just examine your plan options and shop around a bit if your company sponsored plan doesn’t offer the best deal.

Why open enrollment is important

This time is important because in most cases you cannot change your health insurance selection after the open enrollment period ends unless you have a qualifying life event, which is a major life change such as a birth, death, marriage, and similar events that change the status of your family’s health or other insurance needs.You usually have around 30 days from the time of the qualifying life event to make any changes to your insurance or other benefits.

Take the time to elect the benefits and insurances that will best meet your needs in the coming year.

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Date published: November 12, 2009.

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Ryan Guina is the founder and editor of this site. He is a writer, small business owner, and entrepreneur. He served over 6 years on active duty in the USAF and is currently serving in the IL Air National Guard. He also writes about money management, small business, and career topics at Cash Money Life. You can also see his profile on Google.

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