Open Enrollment (2024-2025)
Beginning Nov 1st, 2024
Updates to Subsidies
Previously, subsidies provided to individuals through Healthcare.gov were limited to Individuals/Families under the 400% poverty level.
To qualify for a subsidy, a household's income must be at least 100% of the federal poverty level. However, the income cap is usually 400% of the poverty level, but it doesn't apply from 2021 through 2025. Instead, eligibility is based on the cost of the benchmark plan relative to the person's income.
Open Enrollment has closed for this year but you can still enroll with a special enrollment period. Otherwise, you can sign up for health insurance on the marketplace once it opens again on November 1st, 2025.
Questions?
If you have any questions regarding these updates, we can connect you with an ACA Specialist who can provide information and provide guidance for these laws and how they apply to you.