Open enrollment for 2018 Health Insurance

Open enrollment for 2018 Health Insurance

Good Advice From  Insurance Broker Sarah Smith XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Open enrollment for 2018 health insurance begins November 1st. As I write this on October 20th, the U.S. Congress recently struck a deal with the White House to approve subsidies to health insurers, which in turn helps stabilize health premiums. 2018 rates are expected to be very close to 2017 rates, and in some cases, you may have a slight reduction. Last year, the Minnesota legislators approved rebates of ~25% for those of you who did not qualify for a MnSure low income subsidy. That rebate will be expiring December 31st. At present, I’ve not heard if Minnesota plans to renew the program. If you have a bronze plan (the most affordable offered) and you like your current doctors, you’re probably best to keep that same plan in 2018. OUT-OF-POCKET (OOP) LIMITS FOR 2018 OOP is the most you can be on the hook to pay, above and beyond your monthly premium. These limits are up $200 over last...
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