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Helpful advice on whether to keep or ditch your current plan.

If you get a notification from your insurance company that it’s time to renew your health insurance plan, it’s important to take the time to evaluate whether you have the right coverage. Your insurance company may auto-renew your policy if you don’t respond within the time period noted on the renewal notice. Or, if your current health insurance plan is no longer available, you may be automatically enrolled in a comparable plan.

Here are a few things to help you decide whether to keep your current health insurance plan:

Find helpful advice on whether or not you should renew your current health insurance plan.

Check to see if your premium rates will change.

It is possible that your present plan may become more affordable. If you were happy with it, it makes sense to keep the same health insurance plan.

Find out if your insurance company is offering the exact same health plan for renewal.

If not, you will want to compare how the replacement plan is different from your existing plan. If you decide you don’t want the replacement, open enrollment gives you the opportunity to find a health insurance plan that fits your needs for the upcoming year.

Review subsidy changes.

If you’re getting subsidies to help pay for your health insurance plan, make sure you notify the Health Insurance Marketplace of any changes to your income, number of dependents or other factors that may affect your subsidies. These changes may affect the type of plan you need or can afford.

If you have had a major change or expect a change in the coming year, you may want to consider a different plan as well.

For example, if you’re expecting a baby in the next year, take advantage of comparing the out-of-pocket costs for a normal birth that is included with all insurance Summary of Benefits and Coverage documents.

Review your claims over the past year.

You can request these from your insurance company, or your insurance company may post these online in a secure portal, such as MyChart.

If you have a plan with a higher copay and you used health care services quite often, you may want to consider a plan with lower copays

When did you reach your deductible? If you reached it early in the year, you may want to stay with the plan you have

Health insurance may not be easy to understand, but it is easier than ever to compare your options and get a health insurance plan in Wisconsin online.

Questions? Talk to one of our helpful and knowledgeable customer service representatives at 800.362.3310.