New Health Insurance Marketplace Coverage Options and Your Health Coverage is a 3-page legal document that was released by the U.S. Department of Labor and used nation-wide.
Q: What is the Health Insurance Marketplace?
A: The Health Insurance Marketplace is a platform where individuals and families can shop for and enroll in health insurance plans.
Q: What are the coverage options available in the Health Insurance Marketplace?
A: The Health Insurance Marketplace offers a variety of health insurance plans, including private health insurance plans and government programs such as Medicaid and the Children's Health Insurance Program (CHIP).
Q: Who can use the Health Insurance Marketplace?
A: The Health Insurance Marketplace is open to individuals and families who are US citizens or lawfully present immigrants.
Q: Do I qualify for financial assistance to purchase health insurance through the Marketplace?
A: You may qualify for financial assistance, such as premium tax credits and cost-sharing reductions, based on your income and household size.
Q: What is the open enrollment period for the Health Insurance Marketplace?
A: The open enrollment period usually starts in November and ends in December, but specific dates may vary each year.
Q: Can I apply for health insurance through the Marketplace outside of the open enrollment period?
A: You may qualify for a Special Enrollment Period if you experience certain life events, such as getting married or losing other health coverage.
Q: What happens if I don't have health insurance?
A: If you don't have health insurance, you may have to pay a penalty when you file your taxes, unless you qualify for an exemption.
Q: Can I keep my existing health insurance if I like it?
A: Yes, if you have health insurance through your employer or a plan you bought yourself, you can keep that coverage.
Q: What happens if I'm already enrolled in Medicaid or Medicare?
A: If you are already enrolled in Medicaid or Medicare, you do not need to take any action through the Health Insurance Marketplace.
Form Details:
Download a printable version of the form by clicking the link below or browse more legal forms and templates provided by the issuing department.