Open Enrollment, which begins November 15th is onlyÂ five weeksÂ away.Â Â Understanding the basics can help you take advantage of this important time period. Â Brought to you by REALTORSÂ® Insurance Marketplace, this nine part series will help you learn important facts about this yearâ€™s Open Enrollment.
5. Â Â Â Â Â QualifiedÂ HealthÂ Plans,Â defined.
Under the Affordable Care Act, an insurance plan must be certified, provide essential health benefitsÂ (see list below), follow established limits on cost-sharing (deductibles, co-payments, and out-of-pocketÂ maximums), and meet other requirements. Plans that meet this requirement are called Qualified HealthÂ Plans (QHP).
For more information pleaseÂ watch for our next part in this nine part series, posted weekly.
(Pssstâ€¦If you canâ€™t wait to see all 9,Â click here.)