Get ready for the annual open enrollment season for health plans under the Affordable Care Act, starting on Nov. 1 and running through Jan. 15.
If you don’t update your information or choose a new plan, you will be automatically reenrolled in your current plan or a similar one.
Last year saw a record enrollment of 21 million people, and this year brings some changes.
Watch Out for Scams
Be wary of health plan ads promising large cash rewards, as they may be scams used by fraudulent brokers. Stick to official sources like the federal marketplace healthcare.gov.
Check if It’s Real Insurance
Alert: Some offers for health coverage may not be legitimate ACA plans. They might only cover preventive services, not full medical care. Make sure you’re getting comprehensive coverage.
Higher Premiums and New Rules
Insurers are adjusting premium rates for 2025, with an estimated 7% increase. Many factors play into this rise, including healthcare costs and new drug treatments.
- Dreamers can now enroll in ACA coverage and receive subsidies.
- Short-term plans have new restrictions limiting coverage to four months.
Be Prepared for a Longer Sign-Up Process
New security measures may lengthen the enrollment process this year, as regulators combat unauthorized plan changes. Avoid rushed decisions and take time to find the best plan for your needs.
Don’t Forget to Shop Around
With new standardized plan options, it’s easier to compare and choose the right coverage. Remember to check your network, prescription coverage, and costs. Shopping around can ensure you have the best plan for your situation.
Enrollment deadlines vary by state, so make sure to enroll before the deadline to avoid gaps in coverage. Seek assistance if needed to make the best choice for your health insurance needs.
