Health Insurance Coverage Effective Dates

Nevada Insurance Enrollment Explains How To Understand Health Insurance Coverage Effective Dates

LAS VEGAS - nvtip -- Once you have picked a health insurance policy and paid your first month's premium, you probably expect your coverage to begin immediately. However, depending on when you enrolled and under what circumstances, you may have several weeks before your health insurance coverage takes effect.

When Does Health Insurance Coverage Begin?
Your health insurance plan's effective date is the day your coverage begins. Usually, your health insurance policy coverage will begin the 1st of the month following your enrollment. It may be different depending on many factors. Ask your human resources representative at your job, or your health insurance agent (if you had an agent help you buy a plan), when your policy begins. "Qualified Health Plans" for the most part begin on the 1st of the month. This is true for Medicare, and any Qualified Health Plans. If you enroll during "Open Enrollment" for individuals and families between November 1st and December 31st, your plan will begin January 1st.

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Depending on your policy, this is the date when your medical costs that you pay, such as, co-pays, coinsurance, prescription drugs co-pays, or any money you spend on qualifying health care services, counts towards your deductible and annual out-of-pocket limit.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment

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