Our insurance experts can analyze these special situations to help customers determine the best way to obtain adequate coverage in order to comply with federal mandates.
Burlington, NC (PRWEB) June 06, 2014
Although the Open Season period (aka Open Enrollment) for purchasing health insurance via the federal Marketplace has ended, the experts at Don Allred Insurance may still be able to help individuals obtain coverage or modify an existing government plan as long as they meet certain conditions known as Qualifying Life Events, or QLEs. Some of the most common QLEs are the following:
- Changes in family status due to marriage; birth or adoption of a child; arrival of a foster child; legal separation; divorce; or death of a spouse or dependent
- Loss of coverage due to termination of employment; end of Medicaid or CHIP eligibility; aging out of a parent’s plan; COBRA expiration; divorce; or the expiration of an individual plan in 2014
- Miscellaneous status changes due to return from incarceration; newly acquired American citizenship; membership in a federally recognized Indian tribe; or moving primary legal residences
Furthermore, anyone currently insured under a Marketplace plan may alter his or her coverage upon showing proof of a QLE such as a change in household status or annual income that results in loss of premium tax credits and other cost-sharing reductions.
Not all QLEs are as cut-and-dried as the ones listed above, notes Don Allred Insurance spokesman Scott Allred. “Sometimes a unique combination of circumstances comes into play that tests the bounds of QLE criteria. Our insurance experts can analyze these special situations to help customers determine the best way to obtain adequate coverage in order to comply with federal mandates,” says Mr. Allred.
If you have not voluntarily ended your insurance coverage and believe you meet the criteria for a Qualifying Life Event that entitles you to obtain insurance from the federal Marketplace outside the Open Season, please contact Allred Insurance today to set up a consultation. If none of these QLEs applies to you, the next open enrollment period will begin on November 15, 2014, for coverage starting in 2015.
Visit http://www.allredinsurance.com today for more information.