The Marketplace is a new way to get affordable health insurance. It is part of the country’s Affordable Care Act (commonly known as ObamaCare).
It is for people without insurance, & will provide affordable health insurance options. It is also for people with health insurance, who may be able to find more affordable options.
It’s ok! With the Marketplace, you can’t be turned down, can’t be charged more, and can’t be denied coverage because of your condition.
The insurance is discounted based upon your income. Your Enrollment Specialist will be able to go over an estimate of pricing.
To buy insurance in the Marketplace you must:
If you meet the guidelines and do not enroll, there is a penalty and you may have to pay a fee.
For 2018 coverage, the Open Enrollment period is currently ongoing and extends through December 15, 2017. Once the Open Enrollment period is over, individuals and families will not be able to enroll in Marketplace health plans until the next Open Enrollment period. However, if you experience certain changes in circumstances during the year, you will have a special 60-day opportunity to enroll in Marketplace health plans, outside of the Open Enrollment period.
For individuals and families buying non-group coverage on their own, outside of the Marketplace, you can only enroll in coverage during Open Enrollment periods and special enrollment opportunities, as well. American Indians and Alaska Natives can enroll in coverage throughout the year, not just during Open Enrollment.
Insurance plans in the Marketplace will offer the same set of essential health benefits. Some plans may offer additional coverage and your Enrollment Specialist at St. Thomas can help you review these plans.
Essential Health Benefits