CFO SINK REMINDS SELF-EMPLOYED ABOUT
AUGUST OPEN ENROLLMENT FOR HEALTH INSURANCE
Financial Officer Alex Sink is urging self-employed Floridians to remember
that August is open enrollment month for single-group employers to get
health insurance or switch plans on a guaranteed-issue basis, meaning
insurers and Health Maintenance Organizations (HMOs) must offer coverage
without regard to health status. The open enrollment period begins today
and continues through August 31, 2007.
employers are the backbone of this state and I want to make sure they take
advantage of this once-a-year opportunity to get health coverage,” said CFO
Sink. “There is no other time of year that coverage is guaranteed for the
self-employed, so they should act now to get insurance or review their
enrollment period requires insurance companies and HMOs to offer
applications for coverage to the self-employed on a guaranteed-issue basis
from August 1 to August 31 each year, with a plan start date of October 1.
Companies that write coverage for small groups are required to offer Basic
or Standard plans to the self-employed.
proprietor, independent contractor or self-employed individual can apply for
coverage if all of the conditions and criteria established in the law are
met, and certain documentation verifying the operation of an active business
is provided, including tax forms, license information and business receipts,
per Florida Statutes 627.6699(3)(u).
A list of
insurance companies offering coverage is posted on the Department of
Financial Services' website at
To learn more about plan options, visit
options for employers also include health savings accounts (HSAs) or health
reimbursement arrangements (HRAs). HSAs, which operate like Individual
Retirement Accounts (IRAs), allow people to save their own money in a
tax-free account for use on health-related expenses. If the money is not
spent, it will roll over annually and accumulate until the policyholder is
age 65, at which time the money can be used for any purpose.
encourages consumers to contact the department's toll-free consumer helpline
at 1-800-342-2762 or log on to
to request a free Health Insurance Guide or Small Business Owners’ Insurance