This a great question since everything has changed beginning January 1, 2014. Since all individual health insurance is guarantee issue an insurance carrier cannot turn you down and therefore will not ask any medical questions.
Once the application is complete carriers will review it to make sure it is complete and you have chosen a plan. At that point it is approved.
No more medical questions, no more waiting for doctors to reply for more information.
EVP Operations, Meridian Benefits consulting, New York
To add to what Barry said, the typical timeline is anywhere between 2-6 weeks before everything falls into place. The time is influenced by the current volume of applicants and if everything is complete on the application, and if the payment goes through etc.
The typical steps are:
1. Application submission.
2. Review for eligibility.
3. Notice of approval and request for payment.
4. Payment clears.
5. Enrollment in to coverage.
6. Issuance of ID card and coverage contract.
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Once the application is complete carriers will review it to make sure it is complete and you have chosen a plan. At that point it is approved.
No more medical questions, no more waiting for doctors to reply for more information.
The typical steps are:
1. Application submission.
2. Review for eligibility.
3. Notice of approval and request for payment.
4. Payment clears.
5. Enrollment in to coverage.
6. Issuance of ID card and coverage contract.