ACA Open Enrollment Explained

The Affordable Care Act (ACA) open enrollment period is the time of year when you can sign up for or change your health insurance plan through the Health Insurance Marketplace. Open enrollment for 2024 coverage runs from November 1, 2023 through January 15, 2024.

During open enrollment, you can:

  • sign up for a new health insurance plan
  • change your current health insurance plan
  • drop your health insurance plan
  • If you don’t sign up for health insurance during open enrollment, you may have to pay a penalty when you file your taxes.
    The penalty for not having health insurance in 2024 is $695 per adult and $347.50 per child, up to a maximum of $2,085 per family.

    You can sign up for health insurance through the Health Insurance Marketplace website, by phone, or by mail.
    You can also get help signing up for health insurance from a licensed agent or broker.

    What to Consider When Choosing a Health Insurance Plan

    When choosing a health insurance plan, there are a few things you should consider:

  • Your budget: How much can you afford to pay for health insurance each month?
  • Your coverage needs: What types of health care services do you need?
  • Your preferred providers: Do you have any preferred doctors or hospitals?
  • Once you’ve considered these factors, you can start shopping for health insurance plans.
    You can compare plans and prices on the Health Insurance Marketplace website. You can also get help choosing a plan from a licensed agent or broker.

    How to Get Help Signing Up for Health Insurance

    If you need help signing up for health insurance, you can get it from a licensed agent or broker. Agents and brokers can help you compare plans and prices, and they can answer your questions about health insurance.

    You can also get help signing up for health insurance through the Health Insurance Marketplace website. The website has a toll-free number that you can call to speak with a customer service representative. You can also chat with a customer service representative online.

    Don’t wait until the last minute to sign up for health insurance.
    Open enrollment ends on January 15, 2024. If you miss the deadline, you may have to wait until the next open enrollment period to sign up for health insurance.

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