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Marketplace Enrollment

All articles tagged with #marketplace enrollment

healthcare1 month ago•7 min saved

New York’s health-plan overhaul leaves half a million scrambling for costly coverage

New York’s July 1 policy change ended Essential Plan eligibility for residents earning more than 200% of the federal poverty line, leaving about 450,000 former enrollees to find new coverage; roughly half have moved to pricier marketplace plans (with premiums around $800 a month), and about 225,000 could become uninsured. A special enrollment period through Aug. 30 aims to smooth transitions amid broader federal health-policy shifts under the 2025 law.

via Politico|

#essential-plan #fpl-200-percent #health-insurance

personal-finance2 years ago•2 min saved

Beware of the Hidden Tax on Affordable Care Act Insurance Subsidies, Warns Advisor

As Americans compare health plans on the Affordable Care Act insurance marketplaces, financial experts are warning about the potential impact of a "phantom tax" for marketplace enrollees. It can be challenging to accurately gauge eligibility for subsidies, and certain financial strategies like Roth IRA conversions or selling assets can unexpectedly affect eligibility and result in higher tax bills. Accurate income forecasting is crucial when applying for ACA subsidies, as underestimating income can lead to repayment obligations. It is advised to run projections and reconsider popular tax moves before enrolling in subsidies.

via CNBC|

#affordable-care-act #health-insurance-subsidies #income-forecasting