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Tennessee Department of Commerce and Insurance Reminds Consumers about December 15th Open Enrollment Deadline

Tennessee Department of Commerce and InsuranceNashville, TN – The Tennessee Department of Commerce and Insurance (TDCI) reminds Tennesseans seeking insurance coverage through the Federally Facilitated Marketplace that they must act by Tuesday, December 15th in order to have coverage by January 1st, 2016.

Since the conclusion of the last enrollment period, there have been several changes related to Tennessee insurance carriers. The Department wants consumers to be aware of those changes and make informed choices when it comes to choosing insurance coverage.

For 2016, Blue Cross Blue Shield of Tennessee and United Healthcare will provide coverage across Tennessee. Cigna will provide coverage in Nashville, Memphis and Johnson City, and Humana will provide coverage in Nashville, Memphis and Knoxville.

Copies of presentations from carriers describing their 2016 plans are available on our website.

Community Health Alliance (CHA) will not offer insurance coverage on the FFM in 2016. The company voluntarily entered runoff, and its coverage will end on December 31st, 2015. CHA policyholders will keep their insurance through December 31st, 2015, if they continue to pay premiums.

CHA consumers have until December 31st, 2015 to enroll in a new healthcare plan in order to have coverage effective January 1st, 2016. Click here for details about CHA’s runoff and a list of frequently asked questions (FAQs).

Consumers should remember they face an increased federal tax penalty for being uninsured next year. Consumers must pay either $695.00 per person ($347.50 per child under 18 with the maximum penalty per family of $2,085) or 2.5 percent of your yearly household income in 2016, whichever penalty is greater.

The Department emphasizes the need for consumers to carefully review plan networks. If you like your physician, make sure he/she is included in the plan network. Also, consumers should review networks for their nearest and/or preferred hospitals. Several plans provide tight networks and/or limited out-of-network benefits. To avoid unexpected and unpleasant balance bills, always see network providers.

Important Dates

November 1st, 2015: Open Enrollment started for 2016.

December 15th, 2015: Enrollees who want coverage to be effective on January 1st, 2016 must act by December 15th.

December 31st, 2015: Coverage ends for 2015 Marketplace plans. CHA members must act by December 31st to have coverage effective on January 1st, 2016.

January 1st, 2016: Coverage can begin for 2016 Marketplace plans.

January 31st, 2016: Open Enrollment ends.

Questions? TDCI is here to help. Contact us at 1.800.342.4029 or 615.741.2218 if you have questions about Open Enrollment.

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