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What are the Open Enrollment Dates for Obamacare?

What are the Open Enrollment Dates for Obamacare

Despite multiple attempts by a GOP-led Congress and President Donald Trump’s administration to repeal and replace Obamacare, formally known as the Affordable Care Act, over the past year, it remains the law of the land. In fact, Obamacare open enrollment begins this week, and its requirement that almost all Americans carry health insurance is still in effect. The article is written to tell us what are the Open Enrollment Dates for Obamacare.

What are the Open Enrollment Dates for Obamacare?

There’s a lot of confusion out there about open enrollment dates for Obamacare. After all, Trump recently decided to cut off important Obamacare subsidies paid to insurance companies to help lower out-of-pocket medical costs for low-income Americans. Trump has also signed executive orders scaling back certain requirements on insurance companies and essentially made enrollment outreach a non-priority by cutting off funding. The latter move has navigators who help people sign up for insurance coverage concerned that many will neglect to take advantage of open enrollment out of uncertainty or because they simply don’t know Obamacare is even around anymore; a new analysis by S&P Global Market Intelligence finds Trump’s moves may lead to 1.6 million fewer Americans signing up for individual health insurance plans in 2018 compared to 2017.

What is health insurance open enrollment?

Open enrollment is a period during which people can buy health insurance coverage for the upcoming year. The reason that there’s a set amount of time each year for open enrollment is a socioeconomic one: It’s to prevent people from only buying insurance when they’re sick. This way, health plan holders have coverage throughout the year (provided that they pay their monthly insurance premiums) and insurers don’t have to worry about only receiving someone’s premiums when they develop a more costly medical need.

What are the open enrollment Dates for Obamacare?

The 2018 Obamacare open enrollment season runs from Wednesday, Nov. 1 through Dec. 15. That’s a shorter open enrollment period than in previous years. Open enrollment for other kinds of insurance, like health plans offered by your employer, may be different. For instance, those may occur during the last two weeks of October or another designated period worked out by the employer and health insurers whose plans they offer.

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