Open enrollment begins tomorrow and runs through December 15.
Here are five good reasons why consumers should take a close look at the benefits of signing up for health insurance on HealthCare.gov or through their state-based marketplace:
1. Financial help is available to reduce the cost of coverage and care. Once again this year, the vast majority of people signing up for 2020 health insurance on the marketplace will get financial help through federal premium tax credits, which lower their monthly insurance costs.
2. Plans are more affordable than people think. Thanks to financial help, 79 percent of 2019 HealthCare.gov consumers can find a 2020 plan that costs less than $75 per month after tax credits, according to the Department of Health and Human Services.
3. Consumers can save money by comparison shopping on HealthCare.gov. While the marketplace is set up to automatically renew a consumer’s coverage from one year to the next, consumers who are renewing their coverage should update their application and compare their plan options during open enrollment because plans and prices change from year to year.
4. Plans purchased on HealthCare.gov are comprehensive and guaranteed to cover the essentials. Consumers enrolling in a plan on HealthCare.gov are guaranteed comprehensive coverage, with no exclusions of, or mark-ups in prices for, pre-existing conditions.
5. Beware of insurance plans sold outside of HealthCare.gov. Consumers should avoid insurance plans offered outside of HealthCare.gov that seem too good to be true. Unfortunately, a bevy of substandard plans will be available because the Trump Administration has loosened regulations that govern them.