What Does New Obamacare Expansion Enrollment Period Mean For You?

The Open Enrollment Period for the ACA (Obamacare) is usually November 1st through December 15th; however with a few executive orders made by the new administration, enrollment will expand until August 15th 2021.

Here are some key points about this enrollment expansion…

1.) Most People Can Enroll

ACA eligible individuals can enroll into a plan or switch plans. Regardless of pre-existing. conditions, an individual can enroll into coverage and have a new plan start on the next effective date (first day of the following month).

2.) Almost 7 Million Additional People Qualify for Free Insurance

The American Rescue Plan (ARP) now extends eligibility for the ACA subsidies (tax-credits). This reduces the cost of your premium. Depending on your household size and income, you may even qualify for free health insurance.

3.) 29 Million Already Qualify for Discounted Insurance

As mentioned in the previous point, many people qualify for discounted insurance in form of a tax credit or subsidy. Even though not everyone will qualify for free coverage, many will qualify for deep discounts (tax-credits). This can make the price surprisingly obtainable.

Always speak with a licensed insurance professional when discussing your insurance coverage.