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Kentucky Insurance Group: Taking Advantage of the Open Enrollment

May 20th, 2013     News

Kentucky insurance group plans can take a little bit of work before it becomes your perfect kind of insurance coverage. When you’re trying to find the best insurance coverage by getting the most if not all your medical needs met for the right price, you need to take advantage of the open enrollment period.

If you’re thinking about what this is, this is mainly a period of one month or two months where you can make changes to your current insurance coverage. During this period, you can make changes for a better matched coverage (coverage that matches your healthcare needs).

Open enrollment period can take place at any time of the year – depending on your insurance carrier. However, it’s a most common trend to have the period of open enrollment at the end of the calendar year. This makes it easier for companies to orient their employees about the changes they can make on their insurance coverage. So before the open enrollment period starts, you need to sit down and think about what changes you would like to make. For example, if you have a child that’s part of your insurance plan but now have a job that also provides health insurance benefits to their employees, then the open enrollment period is the perfect time to take out your child’s name on your list of beneficiaries. Clearly, taking him or her out of your insurance coverage means you’ll have a lower premium to pay.

In addition, weeks before the open enrollment starts will be the great time for you to think about other covered benefits that you won’t likely need in the following year and think about the ones that you’ll likely need that isn’t yet included on your current coverage. For example, if you’re thinking about getting dental surgery or dental implants in the very near future, make sure that you add this benefit when the open enrollment period comes along.

As you can imagine, it’s important to be prepared for the open enrollment period. Mainly, if you miss the chance to do the changes, you may need to wait for the following year (or the next open enrollment) to make the necessary changes.

When it’s open enrollment period, it’s your chance to make changes in your insurance plans. But keep in mind that lowering the premium at the expense of cutting off necessary coverage isn’t always your best option. Even if you’re paying a little bit more, it’s no doubt it would be the best coverage you can have if you get all the benefits that youýd likely need in the following year.

But if you’re planning to switch Kentucky insurance group coverage or looking for a new one, shop conveniently using our instant quote engine for free. Request for your quotes now!