Things to Consider About Your Health Insurance Before the End of the Year

2020 is upon us and many of you may be considering moving to a new health insurance plan. There are a couple things to consider before your plan goes into effect in 2020…

Prescription Drugs

If your plan is changing in 2020, be sure to get your prescriptions refilled before the end of 2019. Depending on your medication, there may be some requirements with your new plan that may take a little longer than normal to get medications refilled.


Most plans restart on January 1, which means your deductible will also reset. If you are close to hitting your deductible, or if you have already met it, you might want to consider having any tests or procedures completed before the end of 2019 so it will count towards the 2019 deductible amount. If not, you will be starting over from zero on January 1, 2020.


If you change your plan, you might have different due dates for your monthly premium. If you have had your former plan premiums deducted from your banking account, you will want to make sure that those automatic premium deductions cease effective December 31.  You will also need to contact your new insurance company to set up automatic bank draft before January 1. Most plan premiums are due before the first of the month and are paying for the upcoming month, not a month in arrears.

Enrollment Deadlines

Have you scheduled your annual review? Don’t leave it until the last minute! The Annual Enrollment Period for Medicare ends December 7, 2019, and the Marketplace Open Enrollment Period ends December 15, 2019. Contact your Client Care Advisor to get started!