What to Expect During Health Insurance Open Enrollment 2023: A Comprehensive Guide
As the new year approaches, it’s time to start thinking about open enrollment for health insurance. Whether this is your first time enrolling or you’re a seasoned pro, it’s important to stay informed about the changes happening in healthcare. In this guide, we’ll walk you through all the essential information you need to know for open enrollment in 2023.
When Is Open Enrollment For Health Insurance?
Open enrollment typically lasts for a limited period, usually several weeks or months. For the coming year, open enrollment will begin on November 1, 2022, and end on December 15, 2022. During this time, you can make changes to your current coverage, enroll in a new plan, or make additions to your existing plan.
Some states have extended open enrollment periods, so be sure to check with your state’s marketplace to see if you have more time to enroll. Additionally, certain qualifying life events such as getting married or having a child may allow you to enroll in a plan outside of the regular open enrollment period.
What Are the Changes for 2023?
One of the biggest changes for 2023 is the maximum out-of-pocket limit for health plans sold through state and federal marketplaces will be increasing to $9,100 for an individual and $18,200 for a family. This means that if you have a qualifying plan, you will not have to pay more than these amounts for covered essential health benefits.
In addition, Congress passed the American Rescue Plan Act of 2021, which has increased the amount of subsidies available for individuals and families purchasing health insurance on state and federal marketplaces. This means that you may be eligible for more financial assistance when you enroll for coverage in 2023.
Furthermore, telehealth services have significantly increased in popularity due to the COVID-19 pandemic. As a result, many health insurance plans are now offering telehealth services as part of their coverage. Consider researching the telehealth options available in your plan during open enrollment.
What Are My Options For Coverage?
During open enrollment, you can choose to enroll in a new plan or make changes to your current coverage. It’s important to evaluate your options and select a plan that meets your healthcare needs and budget.
If you’re satisfied with your current plan, you may simply decide to continue in the same plan. However, if you’re looking for changes, it’s essential to review the network of providers, prescription drugs covered, and monthly premiums and deductibles.
If you’re uninsured, now is the perfect time to enroll. You may be eligible for financial assistance through the marketplace to help you afford your chosen plan.
Key Takeaways
Open enrollment 2023 begins on November 1, 2022, and ends on December 15, 2022. You can expect an increase in the maximum out-of-pocket limit, more subsidies available for financial assistance, and telehealth services as part of many health insurance plans.
You have the option to enroll in a new plan, make changes to your current coverage, or continue with the same plan. When selecting a plan, thoroughly review the network, prescription drug coverage, monthly premiums, and deductibles.
Remember to take advantage of open enrollment to ensure your healthcare needs are covered in the coming year.
