Open enrollment begins today on Healthcare.gov. You have until December 15th to make your selections.
Coverage will begin on January 1, 2017.
Health experts warn of a 25 percent hike in most plans, but if you qualify for subsidies, those will be increased for the coming year as well.
Am I eligible to use the marketplace?
You might be wondering if you are able to buy insurance through the exchange. In order to qualify, you must:
- Live in the United States
- Be a U.S. citizen or national (or be lawfully present)
- Not be incarcerated
If you have Medicare coverage, you are not eligible to use the Healthcare.gov marketplace to buy health or dental plans.
What should I know about the Affordable Care Act?
Before you buy health or dental plans through Healthcare.gov, here are some things you'll want to be aware of:
- What you'll pay depends on your income, and you may qualify for tax credits that lower your monthly insurance bill.
- You may also qualify for free or low-cost insurance for you and your kids.
- You can apply for coverage online, by phone, with in-person help and with a paper application.
- The Marketplace is primarily for people without health coverage through a job.
- If you do not have health insurance, you may have to pay a penalty come tax time.
You can learn more about these issues on the Healthcare.gov website.