ACA Enrollment 2025: What You Need to Know
The Affordable Care Act (ACA) Open Enrollment Period for 2025 is approaching quickly. This is your opportunity to enroll in or change your health insurance plan for the coming year.
Record Enrollment Expected
Over 24 million consumers selected coverage through the ACA Marketplaces during the 2024 Open Enrollment Period, marking a record high. Experts predict even higher numbers for 2025 due to expanded subsidies and increased awareness.
Important Dates to Remember
- November 1, 2024: Open Enrollment begins
- December 15, 2024: Last day to enroll for coverage starting January 1, 2025
- January 15, 2025: Open Enrollment ends
Missing these deadlines means you'll need a qualifying life event (like losing other coverage, getting married, or having a baby) to enroll outside the Open Enrollment Period.
What's New for 2025
The enhanced premium tax credits that were extended through the Inflation Reduction Act continue to be available, making coverage more affordable for many Americans. Additionally, the "family glitch" fix implemented in recent years remains in effect, allowing more family members to qualify for marketplace subsidies.
How to Prepare
- Review your current plan: Even if you're happy with your current coverage, it's important to review any changes to your plan's benefits, network, or costs for 2025.
- Update your information: Make sure your income, household size, and other details are up to date to get an accurate subsidy calculation.
- Compare all available plans: Don't just automatically renew. New plans may be available that better meet your needs or offer better value.
- Consider working with an advisor: Health insurance can be complex. A licensed advisor can help you navigate your options at no cost to you.
Need Help Enrolling?
Our licensed advisors can help you compare plans, understand your subsidy eligibility, and enroll in the right coverage for your needs.
Bottom Line
Don't wait until the last minute to think about your health insurance for 2025. Start researching your options now so you're prepared when Open Enrollment begins. And remember, Healtrix is here to help you every step of the way.