For individuals and families looking for affordable and comprehensive health insurance in Ohio, they can turn to the state’s insurance exchange to review options. Wallace & Turner Life and Health agent Colleen Corrigan spoke with MoneyGeek to explain when Ohio residents can enroll for new coverage, how they can potentially save money and what alternatives there are to the Marketplace.

“The open enrollment period for individual and family health insurance runs from November 1 to January 15 in Ohio,” Colleen said. “Outside of open enrollment, a qualifying event is generally necessary to enroll in or make changes to your coverage.”

When asked about ways to take advantage of cost-sharing reductions and tax credits, Colleen commented: “Many individuals and families qualify for a subsidy to reduce the monthly premium for their Marketplace health insurance based on household demographics. The demographics which determine the subsidies available are:

Zip code.
Household size.
Number of family members on the health plan.
Gross household income projected for the year on the plan.”

Colleen added there are other short-term plans and individual plan options outside of the Marketplace, but its best to talk with your trusted insurance advisor to determine the right plan for your needs.

Read the full interview here.