Obamacare Open Enrollment has Started: What to Know

By November 20, 2015Benefits

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The government’s Health Insurance Marketplace has opened for enrollment, meaning that you can now apply for coverage for 2016. Whether you are already participating in the Obamacare exchange or are interested in exploring plans, there are some things you should know. Utah’s insurance market has experienced some recent changes, and it’s important to know what that means for you.

Your Options Have Recently Decreasedarches health plan

Some of Obamacare’s major providers are nonprofit co-ops run at the state level. One of the largest of these providers in the state of Utah—Arches Health—will no longer be offering coverage in 2016. The Utah Insurance Department removed Arches from the market due to concerns about its financial stability. This means that you cannot sign up for or renew coverage with this provider for 2016, a change which will leave 66,000 Utahns in need of new insurance.

Fortunately, there are other plans from providers in Utah that will be available in the Marketplace. If you are currently covered by Arches, you need to act quickly to ensure that you are protected, as your coverage will end on December 31st, 2015. Their website answers many of the questions you probably have, and they have promised to help their members transition smoothly to another plan.

Available Providers in Utah

The following providers will still participate in the Marketplace and offer coverage to residents of Utah. You can visit their websites by clicking on the bolded names below:

  • SelectHealth

    • This is now the largest Utah provider in the Marketplace, and is operated by Intermountain Healthcare. Perhaps most importantly, SelectHealth is now the only provider which will serve 20 mostly rural counties in Utah, including the cities of St. George and Logan. If you live in rural Utah, or otherwise think you may be affected by this, take a look at the coverage offered by SelectHealth.
  • Altius

    • Altius offers a variety of plans to suit different economic situations. They operate in Utah, Wyoming, and Idaho.
  • Bridgespan

    • Available in Utah and Idaho, as well as Oregon and Washington, Bridgespan also offers several different plans with varying levels of coverage.
  • Molina Healthcare

    • Molina is a Medicaid provider in a dozen states, including Utah,  which also offers several different plans in the Marketplace. It has fewer options than other providers, but maintains competitive premiums and coverage.

Open enrollment in the Health Insurance Marketplace continues through the end of this year. You can search for personalized plans by following the guidelines on the healthcare.gov website. Remember, if you are insured by Arches Health, your coverage will not continue into 2016. If you want to remain covered, you must find a new plan, either with one of the providers listed above or some other company.

We are not healthcare or insurance professionals, but if you have any questions, you can call us and we will do our best to help you with answers to your questions.

 

Photos via Flickr (1,2)