Still Time to Get Health Insurance Through the Public Exchange, You May Qualify for Premiums Help

- CNBC, There’s still time to get health insurance through the public exchange — and you may qualify for help paying premiums. Jan. 2, 2023.

KEY POINTS
Most people who get their health insurance either through the federal marketplace or their state’s exchange qualify for tax credits that reduce the cost of premiums.
Some people also are able to get help covering deductibles and copays.
Here are some important things to know.

Anyone without health insurance has about 2 weeks left to get 2023 coverage through the public marketplace — and subsidies could make it affordable.

Open enrollment for the federal health care exchange runs through Jan. 15, with coverage taking effect Feb. 1. (If your state has its own exchange, the last day to enroll may be different.) After the sign-up window closes, you’d generally need to experience a qualifying life event — i.e., birth of a child or marriage — to be given a special enrollment period.

Most marketplace enrollees — 13 million of 14.5 million in 2022 — qualify for federal subsidies (technically tax credits) to help pay premiums. Four out of 5 customers will be able to find 2023 plans for $10 or less per month after accounting for those tax credits, according to the Centers for Medicare & Medicaid Services.
For the most part, people who get insurance through the federal (or their state’s) exchange are self-employed or don’t have access to workplace insurance, or they don’t qualify for Medicare or Medicaid.

As of Dec. 15, nearly 11.5 million people had selected a plan through the marketplace, according to CMS...

- More, https://www.cnbc.com/2023/01/02/theres-still-time-to-get-health-insurance-through-the-public-exchange.html