Open enrollment is a certain time each year (typically around the time when holiday decorations are unpacked and put up, and radio stations start playing holiday music) when you can make changes to your health insurance coverage (switch plans, add coverage, get rid of unnecessary coverage, etc.).
It’s a good idea to prepare for open enrollment by reviewing your Summary Plan Description (SPD). That is a major commitment (not only because the SPD is really long and complicated, but also because it’s extremely boring), so start early and invest in a quality set of magnifying glasses so that you can read all the fine print.You want to have all the ins and outs of your policy down pat -- the pros and cons, benefits and limitations -- so you have a better idea of the changes in coverage you need to make. If you need help, contact your benefits office if you receive health insurance from your employer, or contact your State Health Insurance Assistance Program (SHIP) for free advice and counseling.