When it comes to health care insurance, it's important to find a provider that's right for you. But if you're not content with your current provider, switching to a new one can be a great solution. However, there are a few mistakes you'll want to avoid when making the switch. Here are two of them.
Failure to Notify Your Current Provider
When you switch health care insurance providers, you need to notify your current provider of your decision. This notification should be in writing, and you should keep a copy for your records.
Once you've notified your current provider, you'll need to cancel your health insurance policy with them. In turn, your current provider will send you a final bill for any services that were rendered before your coverage ended.
If you don't notify your current healthcare insurance provider of your decision to switch, you may end up paying for two health insurance policies at the same time. This could cause financial hardship and is completely avoidable by simply notifying your current healthcare provider of your decision in writing.
Finally, make sure you give your current healthcare provider your new contact information so they can reach you if there are any questions about your final bill. You don't want to miss out on a refund or credit because your healthcare insurance provider couldn't get in touch with you.
Signing Up for Coverage Too Late
When you switch health care insurance providers, there may be a delay in your new coverage becoming effective. This waiting time is due to the fact that health insurance companies often have different enrollment periods.
For example, some health insurance companies may only allow you to enroll during the first few weeks of the year. If you try to enroll outside that window, you'll have to wait until the following year for your coverage to begin.
This waiting period can be a problem if you have a healthcare need during that time. To avoid this, make sure you're aware of the enrollment period for your new healthcare insurance provider and sign up for coverage well in advance.
Pro-tip: If you're switching health care insurance providers mid-year, you may be able to avoid a lapse in coverage by signing up for a short-term health insurance policy. You could also see if your new healthcare insurance company offers a healthcare bridge plan.
Healthcare insurance is an important part of taking care of your health. If you're unhappy with your current healthcare insurance provider, don't hesitate to switch to a new one. Just be sure to avoid these two mistakes, and you'll be on your way to healthcare bliss. For more information, contact a company like JLC insurance.