Should you change your insurance during open enrollment because of COVID-19?

Expert offers advise on what you may want to change because of the pandemic.

Should you change your insurance during open enrollment because of COVID-19?
During open enrollment, employees have options to change their health insurance coverage. During a pandemic, what changes should you consider? (Source: Pixabay)

CLEVELAND, Ohio (WOIO) - If you receive health insurance through your employer, it may be that time of year to consider changes, and COVID-19 adds to the challenge.

Most insurance policies have what is known as an open enrollment period, which is the only time an employee can make major changes to their insurance.

Jason Resendez, a CQC Board Member and Healthcare Strategist, will discuss the changes you might want to make in a live chat with 19 News on Thursday.

Should you change your insurance during open enrollment because of COVID-19? https://bit.ly/35OC0Yw

Posted by Cleveland 19 News on Thursday, October 29, 2020

A news release from Consumers for Quality Care (CQC), a health care policy and advocacy group, warns the pandemic brought changes to millions when it comes to insurance.

“According to a recent report from Families USA, an estimated 5.4 million workers in the U.S. became uninsured due to job loss between February and May,” the release stated.

Because of lost or lower wages, the uncertainty of the economy moving forward, experts with CQC want employees to think about their options during open enrollment.

What to look out for when selecting a new health care plan during Open Enrollment, including:

  • Surprise medical bills
  • Short-term limited duration insurance plans
  • Accumulator adjustment programs

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