According to recent data, the 2024 Marketplace Open Enrollment Period has seen a significant increase in individuals signing up for affordable health care coverage. Since November 1, approximately 4.6 million people have selected an Affordable Care Act (ACA) Health Insurance Marketplace plan. This includes both new enrollees and individuals who have renewed their coverage for 2024.
One of the key factors contributing to the surge in enrollment is the availability of high-quality coverage at affordable prices. The Biden-Harris Administration has made it a priority to ensure that four out of five people can find a plan for $10 or less per month after subsidies on HealthCare.gov. Nearly 96 percent of HealthCare.gov consumers will have the option to choose plans from at least three health insurers. This is thanks to the Inflation Reduction Act, which has lowered costs and improved benefits for millions of Americans.
In addition to affordability, there have been improvements in the Marketplace systems and policies that have made it easier for people to access comprehensive coverage. These enhancements have led to an increase in enrollment during the previous year, even before the start of the 2024 Open Enrollment Period. From March to September 2023, 1.5 million more people enrolled in Marketplace coverage nationwide compared to the same period in 2022.
The Biden-Harris Administration, along with the Centers for Medicare & Medicaid Services (CMS), continues to encourage individuals to visit HealthCare.gov and explore the health care coverage options available to them. With ongoing provisions in the Inflation Reduction Act, approximately 9 out of 10 customers are expected to be eligible for savings.
Furthermore, the Marketplace offers a highly competitive environment for individuals seeking coverage. For the 2024 plan year, 96 percent of HealthCare.gov enrollees have the option to choose among three or more plans. Additionally, standardized plan options are available, providing consistent deductibles and cost-sharing for certain benefits. These standardized plans make it easier for consumers to compare and select the best-suited plan for their needs.
Overall, the increased enrollment in affordable health care coverage during the 2024 Open Enrollment Period showcases the commitment of the Biden-Harris Administration to make health insurance accessible to everyone. With continued efforts to provide assistance and support through Navigator Awards and trained Navigators, individuals can find the coverage they need to protect their health and well-being.
Frequently Asked Questions (FAQ)
Q: When is the 2024 Marketplace Open Enrollment Period?
The 2024 Marketplace Open Enrollment Period runs from November 1, 2023, to January 15, 2024, for Marketplaces using the HealthCare.gov platform. State-based Marketplace enrollment deadlines may vary.
Q: How many people have enrolled in Marketplace coverage during the 2024 Open Enrollment Period?
Approximately 4.6 million people have selected an Affordable Care Act (ACA) Health Insurance Marketplace plan since November 1.
Q: What has contributed to the increase in enrollment?
The availability of high-quality coverage at affordable prices, along with improvements in Marketplace systems and policies, has contributed to the surge in enrollment.
Q: Can individuals find plans for $10 or less per month?
Yes, four out of five people can find a plan for $10 or less per month after subsidies on HealthCare.gov.
Q: How many health insurers can consumers choose from?
Nearly 96 percent of HealthCare.gov consumers will have the option to choose plans from at least three health insurers.
– [Centers for Medicare & Medicaid Services](https://www.cms.gov/newsroom/fact-sheets/marketplace-2024-open-enrollment-period-report-national-snapshot)