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Updated Subsidy Calculator and 300+ FAQs Help Consumers Understand
the ACA Marketplaces as Open Enrollment Begins Ahead of the annual
Affordable Care Act (ACA) open enrollment period, the time during which
consumers can shop for health plans or renew existing coverage, KFF has
updated its Health Insurance Marketplace Calculator and its searchable
collection of more than 300 Frequently Asked Questions about open
enrollment, the health insurance marketplaces and the ACA. KFF’s Health Insurance Marketplace Calculator provides
estimates of 2021 health insurance premiums and subsidies for people
purchasing insurance on their own in health insurance exchanges. Users can
enter age, income, and family size information to estimate their eligibility
for subsidies and how much they can expect to spend on health insurance. The FAQ database covers a wide range of topics related
to obtaining or renewing Marketplace coverage, and has been updated to answer
questions about the impact of the COVID-19 pandemic on this year’s open enrollment
period, as well as recent policy changes that may affect women, immigrants,
and non-traditional households. More than 180 of the FAQs in the collection
are available in Spanish. KFF has also updated its
overview of the financial assistance available for
people purchasing their own coverage, including premium tax credits and
cost-sharing subsidies. As plan premiums will change in 2021 and new insurers
are entering the marketplace in many states, consumers already enrolled
should actively renew coverage to ensure they receive the most accurate
subsidy amount. Open enrollment for the
Federal marketplace begins Sunday, Nov. 1, 2020 and ends on Tuesday, Dec. 15,
2020. In most state marketplaces, including new ones opening in
Pennsylvania and New Jersey, open enrollment will end later. People in
healthcare.gov states affected by natural disasters and/or the COVID-19 emergency can also request extended time to
sign up. Organizations assisting
consumers are encouraged to link to the FAQ web page. Each question and
answer may be shared individually by direct link, via Twitter and Facebook. Visit https://www.kff.org/understanding-health-insurance for
KFF’s most current resources for consumers looking for answers about open enrollment,
the marketplaces and health insurance in general. Filling
the need for trusted information on national health issues, KFF (Kaiser Family Foundation)
is a nonprofit organization based in San Francisco, California. |
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Monday, November 2, 2020
Updated Subsidy Calculator and FAQs Help Consumers Understand the ACA Marketplaces
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