2021 Illinois Health Insurance Open Enrollment
2021 is almost here and it is time for you to pick your health insurance for next year. As you think about your health insurance options, use this guide to determine which plan is best for you. You can also call us directly at (888) 201-6422 to speak to a licensed Illinois healthcare representative to walk you through the entire process for free to compare all plans.
The 2021 Open enrollment period is from November 1, 2020 through December 15, 2020. Utilize this time period to determine what changes you want to make to your health insurance from last year or if this is your first-time having health insurance, think about what are some things that matter the most to you in picking your plan.
A great resource you have is the Health Care Market Exchange website which offers over 200 different plans from almost all providers. Look through the website to see the different plans that are offered and find the one that best fits your budget and health needs. Picking your health insurance for next year can be overwhelming. Our Illinois licensed agents can give you their expert advice in picking a plan and they can be reached at (888) 201-6422
New Updates for Illinois Medical insurance This Year
President Donald Trump has adopted some changes in health and tax reform which may affect your health insurance for next year. It is important to be aware of these changes as you make the decisions on your health insurance. For example, for the coming year, the government subsidized options are different. However, essential health benefits have remained the same at the state and federal level. This means that all plans should offer at least a predefined amount of basic coverage.
Another change for the coming year is that in 2021, it is not mandatory to get health insurance. However, it is really important for individuals to get at least a basic health insurance plan because the costs of medical care can be really expensive and the benefits of having health insurance can really outweigh the extreme burden of medical costs. This will also leave you with the peace of mind knowing that you will be covered in case of unforeseen circumstances.
Why Do I Need To Get Health Insurance in Illinois
America has one of the highest healthcare costs in the world. The price of healthcare services is at an all-time high and it is really important for you to make sure you and your family sign up for a plan during the open enrollment time period. If you miss this time period, you bear the risk of a huge financial burden from unforeseen medical expenses. Roughly 60% of all bankruptcies in the United States are from medical bills. Potential illness or sickness in you or a loved one could result in huge debt if you don’t have the means to pay for it.
Another benefit of having health insurance is that it promotes healthy living. All health insurance plans are mandated to provide you with a certain amount of preventative care and keeping up with this can help prevent chronic illness in the long term.
How Do I Decide Which Illinois Health Plan is Right For Me?
On the Health Care Market Exchange website, you have the ability to compare all 2021 plans side by side. Health Insurance plans in Illinois are classified based on their coverage levels into Platinum, Gold, Silver and Bronze.
- Platinum plans are the highest tier. They offer the most coverage and have the highest premiums. This kind of a plan might cover up to 90% of your medical costs.
- Gold plans are the second highest tier and have higher monthly premiums than Silver or Bronze. This kind of plan might cover up to 80 percent of costs.
- Silver Plans are not as expensive as Platinum or Gold and can cover up to 70% of your expenses.
- Bronze plans are the least expensive and offer less coverage but have much lower premiums. This kind of plan usually covers only up to 60% of your accrued costs.
As you look at your budget for medical insurance, you want to balance the premium monthly payments with the co-pays, deductibles and coverage. You also want to consider your anticipated medical needs for next year and your trends in medical needs from the past few years. No one can accurately guess if they will be healthy or experience illnesses in the coming year. All we can go by is our previous medical history and our peace of mind.
Comparing All 200+ Insurance Plans Offered by Health Care Market Exchange
Health Care Market Exchange is the best place to go to for the 2021 Illinois open enrollment period. We truly care about the health and wellness of your family. It is really important for you and your family that you do not put this off and accidentally miss signing up during the open enrollment period.
Do not hesitate to call one of our friendly Illinois licensed agents at (888) 201-6422 for a 100% Free Consultation.