Enrollment for the 2018 Marketplace health insurance under the Affordable Care Act begins November 1, 2017, and ends on December 15, 2017. Unless you experience a life-altering event such as marriage, a newborn child, loss of income, or the loss of healthcare, this is your only opportunity to enroll/renew your Marketplace insurance for the year of 2018.
Anyone who has Marketplace health coverage is being asked to review their account information. The ACA is currently billing $695 per adult and $347.50 per child if they do not have health insurance.
According to Bloomberg, insurance providers offered under the ACA must update coverage and prices each summer. Twelve million people are supposed to be offered the same amount of coverage options for the year of 2018 as they were offered in 2017. Bloomberg found that as of July 2017, there were only 25,000 people in the United States living in counties "where no marketplace insurers signed up to sell plans next year."
People will have 45 days to seek adequate coverage. Healthcare.gov is available to anyone who needs help when shopping for health insurance.
The purpose of Marketplace insurance is to ensure affordable insurance to its policy holders. Eligible subscribers can receive tax credits in order to help them afford premiums. Eighty-three percent of Marketplace consumers were able to receive help paying for benefits for this past year.
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