Where to Sign Up For Affordable Care Act (Obamacare)

Where to Sign Up For Affordable Care Act (Obamacare)

Where to sign up for affordable care act

Obamacare, also known as The Patient Protection and Affordable Care Act, was passed in March 2010 and has revolutionized how Americans receive healthcare.

New York State of Health provides individuals with access to affordable yet quality healthcare insurance policies at a state-based marketplace.

Consumers can enroll in Marketplace plans during open enrollment or if they experience a qualifying life event.

Health Insurance Marketplace

The Health Insurance Marketplace, more commonly known as Obamacare, is an online shopping portal that enables consumers to compare plans from various insurers in one convenient place. It can either be operated by individual states or the federal government.

The marketplace was designed to help those without access to employer-based insurance or who can’t afford coverage on their own find affordable coverage options. Under the Affordable Care Act (ACA), subsidies may help cover some or all of premium costs for eligible recipients.

Cancelling marketplace plans is always possible; however, you can only enroll during open enrollment period or experience a qualifying life event and replace it then. Be sure that your new coverage starts before cancelling to prevent any gaps in coverage; otherwise a penalty may apply if canceling without other plans in force.

Open Enrollment

Every year, New Yorkers who access health insurance through the Marketplace experience an open enrollment period allowing them to enroll or change their plans for 2023. There may also be special enrollment periods if certain life events take place during that year.

To sign up, fill out an application with information about yourself and your household members as well as income. Select an insurance plan that best meets your needs – free assistance is always available to guide the way through.

Some types of health insurance do not follow open enrollment periods, including Medicaid which anyone can sign up for at any time. Furthermore, employers often employ various enrollment schedules for workers’ coverage such as when flexible savings accounts or health savings accounts can be signed up for which allow people to save tax-free for medical bills. Check with your employer’s human resources department or leadership for specific rules regarding open enrollment periods for your particular employer coverage plan.

Special Enrollment

Depending on your life changes and Open Enrollment deadlines, special enrollment periods may provide you with an opportunity to enroll or cancel health coverage on the Marketplace.

Qualifying events include involuntary loss of coverage, marriage, birth or adoption of a child and relocation to a different state or county. Each of these life changes qualifies you for a 60-day special enrollment period in which to purchase an Affordable Care Act-compliant plan on or off of the marketplace.

Find out if you qualify for financial assistance such as tax credits to make your premium more affordable by visiting this page of the marketplace website and providing documents proving income or eligibility to verify eligibility. Once verified, coverage will start on the first of each month.

Life Events

As per Internal Revenue Service (IRS) rules on pre-tax benefits, elections under Drexel University health, dental and vision plans as well as contributions to Flexible Spending Accounts can only be changed during annual enrollment or upon the occurrence of an “life event”.

Qualifying life events allow you to make changes to your health and flexible benefits outside of the annual open enrollment period if certain significant life changes arise, such as losing other coverage, getting married/having a baby/adopting child(ren), moving to a different ZIP code and/or the death of someone covered under your previous plan.

Submit your request and attach the necessary documents within 30 days of a life event occurring, or face not being able to make changes until next year’s Open Enrollment Period. Click here for more information on life events and completing a life event form.

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About the Author: Raymond Donovan