Get Ready: Open Enrollment Starts Tuesday

Health insurance document

With open enrollment for the Affordable Care Act beginning Tuesday, this also is a good time for people to review their annual health care enrollment selections, Presence Health stated in the news release. But the sign-up period comes after several health insurers - including Aetna, UnitedHealthcare, Scott and White and insurance start-up Oscar - have called it quits on the federal website.

Average premiums for health insurance are going up across the region - 7 percent in D.C., 25 percent in Maryland, and around 10 percent in Northern Virginia.

"As of January 1, unless we jump on to something else. and we're looking at $750 a month this year to $1,100 next year", Eric said. Some insurance companies are raising rates because the premiums they charged initially were too low to cover the costs they faced, causing them to lose money, said Cynthia Cox, associate director of health reform and private insurance for the Kaiser Family Foundation. Remember: if you do not enroll in a plan, you will pay a penalty.

Kennedy said he disagrees with those who want to repeal Obamacare, saying they do not have a plan to get insurance for the 20 million Americans who get it from the Affordable Care Act.

"Prices of health insurance have been going up, but there's financial help available in the marketplace".

Almost 77 percent of consumers will be able to find a plan for less than $100, officials said in the wake of the report's release. "We encourage people to talk to the professionals and the navigators to talk about what suits my needs for individual health insurance".

This year, most Marketplace consumers will again have plan options for less than $75 per month, thanks to financial assistance.

"If you're an intensive user of healthcare, what you should do, is choose the gold or the platinum plan", he said.

"This Open Enrollment, we're encouraging every American who might need coverage to visit, where they'll find options for affordable health insurance".

Federal subsidies also offset the costs of health insurance to low- and middle-income households, and consumers in North Carolina have benefited from these subsidies more than in almost every other state. "Certainly, if you aren't getting a tax credit subsidy in the individual market, you are likely to face the significant premium increases, depending on where you live", Carpenter said. Many families qualify for subsidies to help with premiums.

Find the original article here.