ACA Marketplaces Set to Reopen
President Biden expands the enrollment period under the Affordable Care Act marketplaces. The White House announced today, January 28, 2021, that the marketplaces will reopen for a 3-month Special Enrollment Period from February 15th to May 15th. Two executive orders that aim to improve access to health care are set to be signed by the President. The initiative of re-opening the marketplace is in an effort to address the concern of a large number of uninsured individuals, particularly those who have lost their employer-based health insurance coverage because of the economic effects of the COVID-19 pandemic.
What Does This Mean?
One executive order will allow people to enroll in health insurance plans without the need for qualifying life events. This widens the opportunity for more Americans to gain open access to quality and affordable health care coverage, especially during this time of the COVID-19 pandemic.
Key Dates to Remember
Agents may enroll beneficiaries starting February 15th until May 15th. These dates apply to states that use the federal exchange, healthcare.gov. Other states that use their own marketplace may have varying start dates. Check your state’s specific marketplace first to make sure.
Use this window of opportunity to dust-off those phone books!
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