The Federal Government just announced that they have opened the federal marketplace for a Special Enrollment Period (SEP). We love helping people find health coverage that makes sense so we thought we would share some information on this Special Enrollment Period! Here is what you need to know.
The federal marketplace found at healthcare.gov offers federally subsidized health plans, which gives you tax credits to help lower the cost of health coverage. These are income based and they are for people that don’t have employer health coverage, Medicare or Medicaid.
Who is this SEP for?
The special enrollment period that just opened is for people that make less than 150% of the poverty level. In Tennessee, for a single person 150% of poverty level is a $19,320 a year salary. For a married couple, it’s $26,130 a year in combined salary. If you currently make less than that amount, you can go ahead and enroll in a healthcare.gov healthcare plan right now!
How long will the SEP last?
As of right now, there has been no announcement as to how long the special enrollment period is going to last. This could stay open all the way to the regular annual open enrollment period, which starts in November. Or it could close earlier than that. So…if you’re interested in getting a healthcare.gov plan, the time to act is now!
We are here to help! If you are ready to enroll in a health plan and make less than the amounts listed above but feel overwhelmed by the federal marketplace, give us a call! Or if you’re interested in finding out if your family qualifies, please feel free to reach out anytime. We would love to help you find a plan that works for you!
As always, we are here to answer any questions, no matter how big or how small.