It's time to buy health insurance through the marketplace. Experts suggest doing your research first
The time to shop for health insurance on the Affordable Care Act’s coverage marketplaces is back
It’s time to pick health coverage for next year on the Affordable Care Act’s insurance marketplaces, and experts caution against focusing your choice on price alone.
In order to prevent thousands of dollars in financial surprises, buyers should know what a plan covers, how it works and what costs you may have to pay upfront for care.
An annual enrollment window starts Wednesday and runs into December for Americans looking to buy individual coverage that begins Jan. 1. You're eligible if you don't have coverage through work, Medicare or Medicaid.
The marketplaces saw record enrollment of more than 16 million for this year. Officials expect business to be brisk again for 2024 plans partially because people have been losing Medicaid coverage that they kept through the COVID-19 pandemic.
Here are some things to consider when assessing marketplace plans.
The marketplaces offer plans with a range of premiums, which is the cost of coverage. They are grouped into platinum, gold, silver and bronze levels. The last level generally is cheaper but also requires patients to pay more toward their care.
Shoppers can get income-based tax credits to help buy coverage, but experts say to think carefully about the number they submit on their application.
The tax credits are based on what you expect to make in the coming year, not your current income. That means people who underestimate future income may wind up repaying some of the help they received.
Many people who haven't shopped on the marketplace don’t know that they can get this help, according to Jeremy Smith, who directs West Virginia’s health insurance navigator program.
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