The open enrollment period for individual health insurance coverage on healthcare.gov has commenced and will continue until January 15, the Maui News reported. Those with current health coverage through the marketplace can renew their plans during this time as well.
In 2024, enhanced subsidies to reduce premiums are available for both new and returning consumers who are eligible. The American Rescue Plan Act of 2021 expanded the availability of financial assistance through the marketplace, and the Inflation Reduction Act of 2022 extended these benefits through 2025.
Insurance Commissioner Gordon Ito emphasized in a news release that consumers should shop and compare plans to see if they are eligible for enhanced subsidies to reduce their premiums. He also reminded them to understand what their health insurance policy covers, including services, health care providers, and prescription drugs, before making a decision.
It is important for consumers to enroll by December 15 for coverage that starts on January 1. For more information on health insurance, residents can visit cca.hawaii.gov/ins/consumers/health.
The open enrollment period for individual health insurance coverage on healthcare.gov has begun and runs through Jan. 15, according to the state Department of Commerce and Consumer Affairs Insurance Division.
Those with current health coverage through the marketplace can also renew their plans during this time.
Enhanced subsidies to reduce premiums are available for eligible new and returning consumers in 2024 as part of the American Rescue Plan Act of 2021 and Inflation Reduction Act of 2022.
Insurance Commissioner Gordon Ito advised consumers to take advantage of this opportunity to shop around and compare different plans before signing up.
He also urged people to carefully review what their insurance policy covers before making a decision.
Enrollment ends on December 15th for coverage that starts on January 1st. Those interested in learning more about their options can visit cca.hawaii.gov/ins/consumers/health.