Best Health Insurance for Open Enrollment

Contributor, Benzinga

Want to jump straight to health insurance quotes? Compare here and find the cheapest premium with the best coverage.

Open Enrollment for 2022 is quickly approaching. If you need to switch your health insurance plan or purchase a new plan, you should know what to expect when Open Enrollment arrives.

Our guide to individual and family health insurance plans will help you understand what health insurance does and doesn’t cover and where you can find the best plan for your needs. 

Best Health Insurance Options

Where you live will determine which health insurance companies offer plans in your area. There are dozens of regional health insurance companies that offer affordable health insurance plans throughout the country. 

Begin your search by collecting a few quotes from a few of our favorite providers below. 

get started Call Now securely through Blue Cross Blue Shield’s website
# of Healthcare Providers
28k+
Online Application?
Yes
1 Minute Review

Blue Cross Blue Shield consists of 35 separate companies that provide health insurance for roughly one-third of Americans. The company serves all 50 states, Washington D.C., Puerto Rico, and many international areas.

While you look into the BCBS affiliates near you, understand what health plans are available as well as the health insurance cost. It offers extensive coverage that gives just about every American the opportunity to purchase a BCBS-affiliated health plan. However, be sure to read up on the company because the premiums and deductibles may not suit you and your circumstances. 

Best For
  • Desire for a new doctor with plenty of options
  • No cap on annual maximum limits
  • Comprehensive coverage with exclusive discounts and partnerships
Pros
  • Coverage in all 50 states and outside the country
  • Covers both generic and brand-name drugs
  • Wide network of doctors, hospitals and specialists
Cons
  • Plans offered through regional companies, meaning you must look to your regional company for specific policies
  • Main customer service helpline may be difficult to reach
Get Started securely through Sidecar Health Access Plan’s website
Disclosure: Plans referred to above are excepted benefit fixed indemnity insurance products marketed and administered by Sidecar Health Insurance Solutions, LLC and underwritten by Sirius America Insurance Company or United States Fire Insurance Company, depending on the state. As an excepted benefit plan, it does not provide comprehensive/major medical expenses coverage, minimum essential coverage, or essential health benefits. You cannot receive a subsidy (premium tax credit and/or cost-sharing reduction) under the ACA in connection with your purchase of such an excepted benefit fixed indemnity insurance plan. Also, the termination or loss of this policy does not entitle you to a special enrollment period to purchase a health benefit plan that qualifies as minimum essential coverage outside of an open enrollment period. Coverage and plan options may vary or may not be available in all states.
# of Healthcare Providers
See any doctor
Online Application?
Yes
1 Minute Review

Sidecar Health Access Plan is another approach to traditional health insurance. Instead of your health care providers billing your insurance, you pay upfront using the Sidecar Health payment card. This results in savings of up to 40% on healthcare costs for its customers. 

Established in 2018, Sidecar Health Access Plan is based in El Segundo, California. Its plan options are easy-to-understand and allow you to shop upfront for affordable health care rather than receiving care and finding out what it costs later. 

Learn more about Sidecar Health Access Plan and how it works.

Prefer to talk to an agent on the phone? Call 866-794-1192 to speak to a representative now.

Best For
  • People who are younger than age 65
  • People in relatively good health
  • People who want to shop for affordable doctors, specialists or procedures
  • People who want transparency in healthcare costs
Pros
  • You can customize your plan
  • It may reduce healthcare costs by as much as 40%
  • It has a mobile app to access information on-the-go
  • No provider network, so you can see any doctor with no referrals needed
  • No enrollment period
Cons
  • Plans are not compliant with the Affordable Care Act (ACA)
  • Plans have an annual coverage limit
# of Healthcare Providers
150k+
Online Application?
Yes
1 Minute Review

Kaiser Permanente is a not-for-profit health plan. Kaiser Permanente offers both health insurance and health care, which has resulted in excellent reviews from customers and rating organizations. Kaiser Permanente does have limited service areas, and you typically need to stay in-network for services unless you’re experiencing an emergency.

Best For
  • People in Kaiser Permanente service areas
  • People who don’t mind managed care
  • People who like to manage their care online
Pros
  • Many services available in one location
  • Ability to make appointments online or using an app
  • Good customer service
Cons
  • Limited service area
  • Need to stay in the Kaiser Permanente network for most services
# of Healthcare Providers
855k+
Online Application?
Yes
1 Minute Review

UnitedHealthcare is an insurance company that is dedicated to making the health care system work better for everyone. Its plans can serve customers of all ages, starting in childhood and continuing all the way through the retirement years. The company partners with more than 1.3 million health care professionals and over 6,500 hospitals to give customers the freedom to access healthcare wherever they are. This insurance provider has a strong financial standing and good ratings, making it a reliable option for just about anybody.

Best For
  • People who want flexibility in their health care coverage
  • People who want supplemental insurance coverage
  • People who qualify for both Medicare and Medicaid
Pros
  • Offers a wide variety of plans
  • Strong financial and customer service ratings
  • ACA and non ACA plans available
Cons
  • Not all plans ACA-compliant
  • The website can make it difficult to get a quote
# of Healthcare Providers
875k+
Online Application?
Yes
1 Minute Review

Cigna Health Insurance offers low-cost private health insurance and Medicare Advantage and Supplement Plans for families and individuals. Founded in 1982 and based in Bloomfield, Connecticut, the company offers a wide array of health insurance plans including three Bronze plans, four Silver and one Gold. All Cigna plans are EPO plans, meaning they are all in-network. Free telehealth visits come with every plan and are available to customers 24/7.

The four-metal tier coverage plans include:

  • Bronze
  • Expanded bronze
  • Silver
  • Gold

Individual and family Cigna private insurance plans are all available on the Marketplace and through the Cigna website, as well as with licensed agents in each state. Because they are sold through the Marketplace, they can only be purchased during your state’s open enrollment period. Special enrollment periods apply for special circumstances.

Best For
  • Easy access to benefits
  • Pharmacy programs
  • Savings and spending accounts such as HSA and FSA
  • Supplemental plans
Pros
  • Home delivery for prescriptions
  • Health management mobile apps
  • Easy ID card replacement
Cons
  • Potentially high deductibles
  • Not available in all 50 states

How Open Enrollment Works

Open Enrollment is the annual period during which you can enroll in a new health insurance plan for the coming year. If you’re an employee eligible for insurance through your employer, Open Enrollment is the period during which you can sign onto your company’s insurance policy or switch to a different policy. Though you can usually drop your coverage at any point in the year, you may only sign onto a new plan during the Open Enrollment window.

If you’re self-employed, you can use the Open Enrollment period to browse policies available to you on the Affordable Care Act (ACA) Marketplace. When the Open Enrollment period arrives, visit Healthcare.gov and complete a profile detailing your location, age and insurance needs. You’ll be directed to your state’s exchange and explore plan options open to you. From here, you can sign up for a new plan directly through the exchange or by contacting 1 of the insurance providers offering plans in your state.

Open Enrollment Periods

In most states, general Open Enrollment begins on November 1 and closes on December 15. Some states with their own exchanges offer more flexible enrollment periods. The plan you purchase during Open Enrollment will go into effect on January 1 of the following year. For example, if you sign up for a new health insurance plan on December 10, 2021, your coverage doesn’t actually begin until January 1, 2022.

What if you lose your health insurance coverage or need to change your plan outside of the Open Enrollment period? If you lose coverage, you may qualify for a Special Enrollment period. When a Special Enrollment period is triggered, you can access the ACA Marketplace outside of the standard Open Enrollment period. Some qualifying life events that may trigger a special enrollment period include:

  • Changes in your household. You may qualify for a Special Enrollment period if you’ve gotten married, given birth or adopted a child, gotten a divorce or undergone the death of a spouse in the last 60 days.
  • Changes in your residence. If you move outside of your zip code or from transitional to permanent housing, you’ll qualify for a Special Enrollment period.
  • Loss of coverage. If you or anyone in your household has lost coverage within the past 60 days or anticipates losing coverage in the next 60 days, you may qualify for a Special Enrollment period. Examples of valid loss-of-coverage reasons include turning 26 and being removed from your parent’s insurance or losing your job.
  • Other qualifying life events. Leaving incarceration, gaining residency or citizenship status or gaining membership in a federally-recognized tribe may all qualify you for a Special Enrollment period. 

The Average Cost of Health Insurance

Where you live, your age and whether or not you smoke will all play a role in the price you’ll pay for health insurance. Older men and women and smokers tend to pay more for insurance because they are more likely to encounter an expensive health issue that requires the use of their insurance.

The average monthly premium for health insurance for an individual falls into these average ranges:

  • Under 18 years of age: around $150 per month
  • 18 to 24 years of age: around $180 per month
  • 25 to 34 years of age: around $240 per month
  • 35 to 44 years of age: around $300 per month
  • 45 to 54 years of age: around $400 per month
  • 55 to 64 years of age: around $580 per month

You may qualify for a government subsidy to lower your health insurance expenses if you meet income standards. When you complete your profile at Healthcare.gov, the system will automatically inform you if you qualify for a subsidy.  

What Does Health Insurance Typically Cover?

Thanks to the introduction of the Affordable Care Act, any health insurance plan that you purchase on the Marketplace must include certain benefits. These “essential benefits” include:

  • Ambulatory patient services. This includes any type of outpatient care that you receive outside of a hospital. A visit to a dermatologist’s office to remove a dangerous mole is an example of an ambulatory patient service.
  • Emergency services. Your insurance provider is required to cover emergency medical services. In the event of an emergency, you should always visit the hospital nearest to you, regardless of your plan or network. It’s against the law for your health insurance provider to require you to contact them or to use a specific hospital or network during a medical emergency.
  • Hospitalization. This includes overnight stays at the hospital and both urgent and planned medical surgeries.
  • Mental health and substance abuse treatment. Your insurance must cover both inpatient and outpatient mental health services.
  • Prescription drugs. Your insurance provider must provide some form of coverage for all major classes of prescription drugs. However, insurance providers aren’t required to cover every individual prescription on the market. If you’re already taking a particular prescription medication, you can search for specific health insurance plans that cover it in the Marketplace.
  • Rehabilitative and habilitative services. This includes services like physical therapy and devices to help you regain physical or mental capacities after an injury (for example, a wheelchair).
  • Pregnancy, maternity and newborn care. This requirement extends throughout your pregnancy and after you give birth.
  • Laboratory services. This includes specialized lab tests like x-rays or mammograms.
  • Preventative and wellness services. This includes services like annual physicals, ongoing treatments for chronic conditions, routine blood work and more.
  • Pediatric services. Your insurance must cover all of the above treatments and services for any child enrolled on your plan. Insurance providers are also required to provide dental and vision care for children on your plan as well — though this isn’t a legal requirement for adults.
  • Birth control. If you’re a woman, your health insurance plan must cover all forms of FDA-approved contraceptives, including hormonal, implanted, physical and emergency forms of birth control. Though some employers may not be required to provide this coverage, all plans sold on the ACA Marketplace must.

These essential benefits are the bare minimum requirements for Marketplace insurance plans. Your specific plan may or may not include additional benefits like dental insurance. 

Keep in mind: these required benefits only extend to long-term health insurance plans purchased through the ACA Marketplace. If you purchase a short-term health insurance plan, you are not guaranteed these benefits. 

Short-term health insurance options are not required to comply with ACA standards. Many short-term insurance plans engage in practices now illegal for ACA-compliant plans, including:

  • Limiting or denying coverage for pregnancy, prescriptions and mental health services
  • Limiting or denying coverage based on a pre-existing condition
  • Requiring a medical questionnaire before calculating your deductible and premium
  • Instituting an annual or lifetime limitation on the total amount of money that you can claim from your insurer after an accident or diagnosis

If you do decide to purchase a short-term health insurance plan, be 100% certain you completely understand what the plan does and does not cover.

What Does Health Insurance Not Cover?

Many health insurance plans only provide coverage for the legally required essential benefits listed above. Some examples of services that may not be included on your plan include:

  • Adult dental and vision services. Health insurance providers are only required to provide dental and vision coverage for children on your plan. There is no federal requirement that insurance providers extend these services to adults included on your plan — though some insurance providers elect to offer this voluntarily.
  • Travel vaccinations. Health insurance companies must extend coverage to the Center for Disease Control’s (CDC) list of standard vaccinations. If you need a special vaccination before travel (such as the Yellow Fever or Typhoid vaccines) you’ll typically need to pay for it out-of-pocket.
  • Cosmetic procedures. No health insurance plan will cover the cost of surgery that is not medically necessary.
  • Male birth control. The Affordable Care Act’s birth control mandate only extends to females included on the insurance plan. Most health insurance plans will not cover the cost of male birth control, including condoms and vasectomies.
  • Nursing home care. Though health insurance does cover short-term stays in skilled nursing facilities following an accident, long-term stays in nursing facilities are not usually covered by insurance. If you want to ensure that you have protection should you need to move into a long-term care facility, you may want to consider purchasing a separate long-term care insurance plan. 
  • LASIK surgery. Because LASIK is considered to be an elective procedure, it is not usually covered by health insurance. 

Find the Right Health Insurance Plan

Still learning how to get health insurance for 2021? Find the right plan begins by comparing multiple quotes from competing insurance providers in your area. Start by exploring a few of your options here at Benzinga — simply enter your ZIP code and receive your customized quote.