What can be an SEP?
- June 13, 2017
- Posted by: marlenedubois
- Category: Home Health Aide Training
What are SEPs? Do I need one?
I have been getting This specific question a lot lately. What can be a SEP? SEP stands for Special Election Period. This specific can be a time frame in which Federal as well as also/or State Governments allow individuals as well as also or families to enroll into a Health plan or completely new health plans based on what’s happening with them.
There over a dozen of different SEPs to work with within the Health as well as also Medicare insurance industry. They could be related to something as simple as moving into a completely new plan in area, or losing an existing or gaining a job or position, They could be related to attaining or losing a attained age. the item could be related to special dates like your birthday or having their plan cancel doing business in an already existing area. These opportunities are there to help members to enroll into major medical coverage without having to wait for open or annual enrollment period.
Working with the correct SEP can help people get themselves as well as also their families the Health as well as also Medicare plans in which they need to maintain a quality of life. the item can provide the completely new or disenfranchised a chance to get the major medical health plans in which they both want as well as also need. By using the correct SEP correctly, they could save thousands of dollars in which may not be available to them.
There are over 15 different as well as also separate SEPs in Medicare Advantage plans, Part D Plans, as well as also Medicare supplements. There are almost as many SEPs available when you’re working with the affordable health care or ACA. This specific can give you additional options as well as also services in which you may have never know about them.
The number most important thing about SEPs can be you. Everyone needs a major medical plan for themselves as well as also or their spouse or family. Just one 4 day visit to a hospital for an emergency as well as also put someone’s financial footing on shaky ground with medical bills reaching 6 figures. Medical cost are the number cause of bankruptcy in our nation. Can you imagine working all your life as well as also run into in which accident without being prepared, a complete life savings can be completely wiped out within the matter of weeks or days. The end game could be horrible.
There are SEPs in both Medicare as well as also the ACA. If you don’t need one, in which’s Great. If you might need one, the item could even be better. Keep the questions coming.