Getting married is one of the most exciting things a person can do in their life, so you want to make sure that you do everything possible to really absorb and be able to cherish all of the little moments. While this is a joyous and momentous time in your life, not every detail will involve cake and dancing.
Choosing a new health insurance policy for you and your significant other is something you will want to take care of as soon as possible. The good news, however, is that there are plenty of ways you can go about insuring your new family.
Here are a few things to know:
- If you are already on a great health insurance plan with your company, you have the option to add your spouse to it. Contact your human resources representative to find out the difference in pricing with your spouse now included. You only have 30 days from the date of the event to add yourself or spouse to an employer plan, so act quickly.
- Research plans on the individual market: While most couples opt to be covered by the same health insurance plan, that is certainly not your only option. You can actually look into the cost of you being on entirely different plans. There could be a better rate out there. Qualified events that allow you to join a group plan also allow you to get individual coverage at times other than open enrollment. Check with your insurance agent or healthcare.gov for more information about getting coverage within 30 days of the date of your marriage.
- If you had coverage with a subsidy already, you must report your life change to healthcare.gov. If your new spouse is eligible for group insurance, even if you don't enroll for it, you will lose your eligibility for a subsidy. You are required in your contract to report life changes within 30 days of the event.
Be sure to check back here again for more helpful health insurance information, or ask MrHealthInsurance about this or other Special Enrollment periods. Ref: https://www.healthcare.gov/coverage-outside-open-enrollment/special-enrollment-period/