The annual enrollment window starts Wednesday and runs through mid-December in most states.Author:12:46 PM CDT November 1, 2023Affordable Care Act’s insurance marketplaces,In order to prevent thousands of dollars in financial surprises, buyers should know what a plan covers, how it works and what costs you may have to pay upfront for care.
Shoppers can get income-based tax credits to help buy coverage, but experts say to think carefully about the number they submit on their application. “A lot of people don’t understand how deductibles work,” Smith said. “They’re just used to having health coverage … and it covers everything.”$9,000 for individuals and $18,000 for families.
“The good news is a lot of people who’ve been in Medicaid will likely qualify for these cost-sharing reductions,” said Sabrina Corlette, co-director of Georgetown University’s Center on Health Insurance Reforms.Insurers form coverage networks of hospitals and doctors. Patients with regular doctors should make sure those care providers are covered under any plan they want to purchase.
Nearly eight out of every 10 plans on the exchange are either an EPO or an HMO, according to a KFF analysis. That mix can vary by state.