Your health insurance needs can change – and your coverage should keep up. Find out when it may be time to reevaluate your plan and what to look for when comparing your options.

1. During Open Enrollment - Open Enrollment is a good opportunity to compare your current plan with other available options. Review premiums, deductibles, provider networks and out-of-pocket costs before deciding.

 

2. After a Major Life Change - Getting married, having a baby, getting divorced or losing other health coverage can all affect your insurance needs. Certain life events may also give you a Special Enrollment Period.

 

3. When Your Healthcare Needs Change - If you've started taking new medications, seeing specialists or anticipating more medical care, your current plan may no longer be the best fit.

 

4. When Your Costs Change - If your premium, deductible or other out-of-pocket costs have increased, compare your options to see whether another plan could better fit your budget.

 

5. When Your Doctors or Medications Change - Before choosing a new plan, make sure your preferred doctors, hospitals and prescriptions are covered.

 

Don't Set It and Forget It

Health insurance isn't necessarily a one-time decision. Taking a few minutes to review your coverage each year – and whenever your circumstances change – can help you avoid surprises and make sure your plan continues to meet your needs.

The best time to reevaluate your health insurance? Before you need it.