insurance-news-roundup-for-10/11/2021

Insurance News Roundup for 10/11/2021

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1. Medicare open enrollment starts soon. Here’s why you should pay attention: https://www.cnbc.com/2021/10/09/medicare-open-enrollment-starts-soon-why-you-should-pay-attention.html
Medicare open enrollments starts October 15th and runs through December 7th. This is your chance to make changes to your Medicare coverage for the upcoming year. If you’re happy with your current plan and coverages, you do not need to do anything but it is still recommended that you at least look at the changes and review your Part D (prescriptions) to see if there are any formulary changes.

2. Some California parents can now join their kid’s health insurance plan: https://www.abc10.com/article/money/some-california-parents-can-now-join-their-kids-health-insurance-plan/103-3fccf935-f54c-42a7-9e89-b92187101d9b
The ACA allowed children up to age 26 to remain on their parents’ health insurance plan. Now Governor Newsom signed a law allowing some parents to join their kids’ health insurance. The new law only applies to plans purchased on the individual markets, such as direct buys or through Covered California and not plans available through an employer.

3. Covered California Opens Special Enrollment Period: https://www.escalontimes.com/news/covered-california-opens-special-enrollment-period/
​Covered California has announced a new special enrollment period for individuals who lost federal financial assistance towards their COBRA coverage. It is estimated there are 138,000 California eligible for the new special enrollment period. Coverage can start as soon at November 1st 2021.

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