By Michael Ollove
For the 8 million people who persevered through all the software trapdoors in the new health insurance exchanges and managed to sign up for coverage in 2014, their policies will probably automatically renew come November when open enrollment begins.
Seems like good news after all the headaches consumers endured after the program’s launch last year.
Except that renewing the same policy may not be the best choice. Many may end up paying far more than they need to and with policies that don’t best fit their individual circumstances.
“(Automatic re-enrollment) could conceivably mean people will pay more in premiums unless they proactively take steps to comparison shop.”
If you made a good choice last year, what could be so wrong about re-upping with the same plan? Continue reading