ACA Marketplace: How Does Coverage in 2024 Differ From 2023?
The Affordable Care Act (ACA) has steadily become an integral part of the American healthcare system. The ACA’s health insurance Marketplace provides financial assistance to help people afford health insurance.
Over the past year, the Biden administration has taken steps to expand access to affordable health coverage through the ACA Marketplace, including increasing subsidies and making it easier to enroll. These changes have helped millions of Americans gain health insurance coverage.
As we look ahead to 2024, the ACA Marketplace will continue to play a vital role in providing affordable health coverage to millions of Americans. Here’s what you need to know about the changes for 2024:
Key Changes for 2024
Increased subsidies: The Inflation Reduction Act increased subsidies for ACA Marketplace coverage for 2023 and 2024. This means that more people will be eligible for financial assistance to help pay for their health insurance.
Extended open enrollment period: The open enrollment period for the 2024 plan year will run from November 1, 2023, to January 15, 2024. This gives you more time to shop for and enroll in a health plan that meets your needs.
New plans and insurers: There will be new health plans and insurers available in the Marketplace for 2024. This means you may have more options to choose from when shopping for coverage.
What to Do Next
If you’re not currently enrolled in health insurance, or if you’re looking for a new plan, the ACA Marketplace is a great place to find affordable coverage. You can enroll in a plan during the open enrollment period, which runs from November 1, 2023, to January 15, 2024.
To enroll in a plan, you can visit the Marketplace website at HealthCare.gov or call the Marketplace call center at 1-800-318-2596. You can also get help enrolling in a plan through a licensed agent or broker.
Conclusion
The ACA Marketplace is a valuable resource that helps millions of Americans get affordable health coverage. The changes for 2024 make it even easier to find a plan that meets your needs and budget. If you’re not currently enrolled in health insurance, or if you’re looking for a new plan, I encourage you to visit the Marketplace website or call the Marketplace call center to learn more.
Note: The information provided in this blog is for general informational purposes only, and does not constitute professional advice. If you have any questions about your health insurance coverage, please consult with a licensed agent or broker.
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