marketplace special enrollment period

Marketplace Special Enrollment Period and Non-ACA Compliant Plans

Individuals with non-ACA compliant plans (such as short-term policies) should take advantage of the COVID-related Marketplace Special Enrollment Period (SEP), now through August 15. 

This SEP is an excellent opportunity for these individuals to make the switch to affordable comprehensive major medical health insurance.

August 15 Special Enrollment Deadline

The American Rescue Plan (ARP) is the most considerable improvement in health insurance affordability since implementing the Affordable Care Act. Uninsured or underinsured Americans have been given an extended enrollment window to find a marketplace health plan that’s worth having at a price they can afford.

August 15 is the last day to sign up for 2021 coverage without needing to show proof of a qualifying life event. In most states, this enrollment opportunity applies to anyone eligible to use the marketplace, including those with non-ACA compliant plans.

Why You Should Enroll Now if You Haven’t Already

  • For 2021 and 2022, the ARP has reduced the amount that people have to pay for their coverage, even if they were already eligible for subsidies.
  • The ARP has also eliminated the “subsidy cliff” for those two years. The law makes subsidies available to households that earn more than 400% of the poverty level, if they would otherwise have to spend more than 8.5% of their income on the benchmark plan.
  • People who have received even one week of unemployment compensation this year are eligible for full premium subsidies and cost-sharing reductions. That means they can get a free (or nearly free) Silver plan, but the benefits will be upgraded to platinum-level.

Get Enrolled in an ACA-Compliant Plan Today

If you currently have a non-ACA compliant plan, call me today to get enrolled in an affordable marketplace health plan during the SEP. Otherwise, you will have to wait for the open enrollment period for 2022 coverage, which starts November 1, 2021.

I am licensed in Georgia, South Carolina, Florida, Pennsylvania, and Alabama.