One of the most important things to remember is that losing health insurance coverage can qualify you for a Special Enrollment Period (SEP). A SEP allows individuals to enroll in a new health insurance plan outside of the normal open enrollment period. This eligibility is especially important for individuals who have lost their job, have experienced a reduction in work hours, or have had a change in income that makes them ineligible for their current plan.

What’s important to remember, however, is that to be eligible for SEP, individuals must experience what’s called a “qualifying life event,” such as losing their current health insurance coverage. Once the qualifying event occurs, individuals typically have 60 days to enroll in a new health insurance plan. Simerly Ayers Insurance can help you act quickly whenever these life events occur so you don’t miss the deadline and are without protection!