Last week, the 2019 open enrollment period (OEP) season officially kicked off for Medicare beneficiaries. From October 15^th to December 7th, Medicare beneficiaries can make changes or enroll in any Part D or Medicare Advantage plan that is available in their service area.

Below is a summary of OEPs for other market segments.   

Individual Market

• Runs from November 1^st to December 15th
• Allows for enrollment or changes in on-Exchange and off-Exchange plans
• Changes and enrollments are effective as of January 1, 2019

Small Group Market

• Runs from November 15^th to December 15th
• Health insurance carriers must waive participation and contribution requirements
• Enrollments are effective as of January 1, 2019
• Some health insurance carriers may extend the length of the enrollment period and/or make other effective dates available

Large Group Market

• No mandatory required OEP
• Many large employers renew their health plans and benefits on January 1^st, and as a result, have an OEP that occurs during the fourth quarter. 

With so many OEPs occurring during the 4^th quarter, the health insurance industry has become much more seasonal over recent years.  It’ s expected to be a very busy time in the industry. Brokers, employers, and individuals should plan accordingly and allow for enough time to make informed decisions on coverage for 2019.