Quick Facts About Obamacare’s Health Insurance Marketplace

  • Minimum essential coverage is included in all marketplace coverage, most Major Medical Coverage sold outside the marketplace, Medicare, Medicaid, employer-based coverage, and more. It does not include short-term health insurance.
  • To purchase or change plans outside of open enrollment you need to qualify for special enrollment.
  • For 2017 coverage, open enrollment begins November 1st, 2016 and ends January 31st, 2017.
  • Most plans offered outside open enrollment do not count as minimum essential coverage and will not protect you from the fee – individual mandate – for not having health insurance. Major Medical plans are an exception.
  • If you have access to employer-based coverage, qualify for Medicaid, Medicare, CHIP, or your income is over 400% of the Federal Poverty Level, you will not qualify for premium and out-of-pocket cost assistance through tax credits or subsidies.
  • As of March 2016,11.1 million people were enrolled in Obamacare.
  • Marketplace insurance purchased before the 15th of each month starts on the first of the following month after you have paid your premium.
  • If you miss the enrollment deadline, you may be eligible for extended enrollment.
  • Open enrollment dates are subject to change each year.
  • The law allows a short coverage gap exemption of up to three months in a row without coverage each year.
  • In states that use auto-renew, you may be switched to a different plan or level of cost assistance automatically if you do not make a choice.

Employer-Based Coverage
2017 Obamacare Open Enrollment

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