The Affordable Care Act (ACA), also known as Obamacare, has undergone several changes recently. These changes are designed to ensure that the ACA continues to provide comprehensive and affordable health coverage to all Americans. Here are some of the most significant changes:
Changes to Coverage for COVID-19
As of May 12, 2023, the Public Health Emergency for COVID-19 has ended, leading to some changes in how Marketplace plans cover services for COVID-19. Vaccines continue to be covered without cost sharing when delivered by an in-network provider. However, COVID-19 tests, both those administered at a doctor’s office and at-home tests purchased from a store or pharmacy, might not be covered. It’s recommended to check with your plan for specifics. Also, if you can’t pay your premiums, plans can now end your coverage.
Reporting Changes in Income or Household
If your income or household size has recently changed, for example, if you got a raise or had a baby, you should update your Marketplace application as soon as possible. These changes could make you eligible for new coverage options and savings. You can report changes to the Marketplace by updating your application online, by phone, or in person.
Special Enrollment Period for the COVID-19 Public Health Emergency
The Special Enrollment Period for the COVID-19 Public Health Emergency ended on June 9, 2023. This period allowed people affected by the pandemic to enroll in or change their Marketplace coverage outside the usual Open Enrollment Period.
Conclusion
Staying informed about changes to the ACA guidelines can help you make the most of your health coverage. If you have any questions or need assistance with your health insurance, consider reaching out to a health insurance agent or broker. At YourMedPlan.com, our team of experienced agents can help you navigate the complexities of health insurance and find a plan that suits your needs.