How Long Does Insurance Take to Kick In After Applying

The amount of time it takes for insurance to take effect after applying can vary depending on the type of insurance and the individual's circumstances. For health insurance purchased through the Affordable Care Act (ACA) marketplace during open enrollment or a special enrollment period, coverage generally takes effect the first day of the next month after enrollment. For example, if you enroll in a plan by December 15 and make your first premium payment by the due date specified by the insurance company, coverage will take effect on January 1.

For Medicare, the enrollment periods work differently. If you are turning 65, you have a seven-month initial enrollment period to sign up for Medicare, which starts three months before your birthday month, includes the month you turn 65, and ends three months after your birthday month. If you miss this initial enrollment period, you can enroll during the general enrollment period, which runs from January 1 to March 31 each year. However, coverage will not start until July 1 of that year.

A new rule effective in 2023 changes the way Medicare coverage takes effect. As long as you apply for Medicare during any part of your seven-month initial enrollment period or during the general enrollment period, your coverage will take effect the beginning of the following month. For example, if you apply on May 15, 2023, your coverage will start on June 1, 2023.

In summary, the length of time it takes for insurance to take effect after applying can vary depending on the type of insurance, enrollment period, and individual circumstances. It's essential to understand the different enrollment periods and deadlines to ensure you have continuous healthcare coverage.