A Qualifying Life Event is an life change that gives you the opportunity to opt into or out of benefits coverage outside the standard enrollment period. Those who qualify usually have 60 days to make changes to their policy coverage.
One of the reasons why insurance coverage can be so frustrating is because everything seems to be written in a different language. Don’t be intimidated! If you’ve ever wondered what the terms or acronyms are on your EOBs (see?!) or in your insurance policy meant, we’re here to help. At Anderson Thornton, we want you to feel empowered to take control of your healthcare needs and understand your policy completely.
Take a look below for a few of the most commonly used insurance terms. Have more questions? Give us a call and we’ll help you navigate the confusion.