*What is Bidencare?
The unofficial nickname for a set of proposed changes to the ACA (Affordable Care Act), which promises to make healthcare cheaper and more accessible to American citizens.
It may include things such as greater subsidies, lower prescription drug costs, and a Public Option that works similarly to Medicare. While Bidencare hasn’t been passed or put in place, you can review your health options today. These options can include ACA insurance plans, short term insurance plans, fixed indemnity plans, or health sharing plans.
Frequently Asked Questions
When is the New Special Enrollment Period?
- The new Special Enrollment Period starts February 15, 2021 and lasts until August 15.
- It’s open to anyone who missed Open Enrollment at the end of 2020.
To give yourself a head start, you can use our website to shop around and compare plans and prices today. It’ll help prepare you for enrollment and make the process quick and easy. People who wish to enroll should create an account or log in to HealthCare.gov as soon as possible.
What is the ACA Exchange (AKA the Healthcare Marketplace)?
The Healthcare Marketplace has been around since the original passage of the Affordable Care Act in 2010. Most states let residents enroll via the federal Exchange, but 14 states run their own, independent state Healthcare Marketplace. Most people who need to enroll in a healthcare plan can do so (assuming they are eligible for an enrollment period) on either HealthCare.gov or the website of their local state exchange.
What is the Health Insurance Exchange?
The Health Insurance Exchange is the pool of health care plans and providers which are cooperating with the federal government in order to provide affordable health insurance to Americans in many states. 37 states are members of the Exchange on the federal level: AL, AK, AZ, AK, DE, FL, GA, HI, IL, IN, IA, KS, LA, ME, MI, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, SC, SD, TN, TX, UT, VA, WV, WI, and WY.
To see if you qualify for a tax subsidy, you need to enroll on the Healthcare Marketplace website (either the federal one, or your state’s website). If you do not qualify for a subsidy for whatever reason, you have the option of shopping through the Exchange or in your state’s private marketplace.