Important ACA Plan Enrollment Deadline to Know
The Affordable Care Act (ACA) marketplace enrollment deadline for 2024 is rapidly approaching. While information about the deadline may vary from different sources, it is crucial to understand the significance of this deadline and the potential implications of missing it.
What is the ACA Marketplace Enrollment Deadline?
The ACA marketplace enrollment deadline for 2024 is January 15, 2024. This means that individuals must select and enroll in a health insurance plan through the Health Insurance Marketplace by this date.
What Happens if I Miss the Deadline?
If you miss the ACA marketplace enrollment deadline, you may face several consequences, including:
Limited access to health insurance: You will not be able to enroll in a health insurance plan through the Health Insurance Marketplace until the next open enrollment period, which typically begins in November.
Higher health care costs: You may have to pay full price for medical services and prescription drugs if you are not enrolled in health insurance.
Penalty for not having health insurance: You may be subject to a tax penalty for not having health insurance coverage for each month that you are uninsured.
Exceptions to the Deadline
There are a few exceptions to the ACA marketplace enrollment deadline. You may be eligible for a special enrollment period if you experience certain life-changing events, such as:
Losing health insurance coverage
Getting married or divorced
Having a baby or adopting a child
If you qualify for a special enrollment period, you will have 60 days from the date of the event to enroll in a health insurance plan.
How to Enroll in a Health Insurance Plan
To enroll in a health insurance plan through the Health Insurance Marketplace, you can:
Visit HealthCare.gov
Call the Marketplace Call Center at 1-800-318-2596
Work with a licensed insurance agent or broker
Need Help?
If you need assistance with enrolling in a health insurance plan, you can consult with a licensed insurance agent or broker. They can help you compare plans, understand your coverage options, and guide you through the enrollment process.
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