Plans for 2023 as the health insurance marketplace celebrates its 10th anniversary
Over 700,000 Georgians will purchase health insurance through the ACA Marketplace in 2022. Now is the time to sign up for coverage starting January 1, 2023.
Atlanta – The health insurance marketplace is celebrating its 10th anniversary this year and the open enrollment period for coverage starting January 1, 2023 is now underway.
If you want to shop HealthCare.gov health insuranceyou may find some more options and ways to save next year.
Georgia has six health insurers offering Affordable Care Act plans in 2023.
Rural counties now have 3 or 4 providers, each typically offering an average of 10 plans.
Roberto Gutierrez, health insurance navigator for the Georgia Primary Health Care Association (GAPHC), says their navigator helps organize options.
Calling GAPHC at 1-844-442-7421 will connect you to Navigator in your area, Gutierrez said.
Think about your priorities when comparing plans. Prescriptions you can trust, doctors you want to continue seeing, local hospitals, etc.
I want to choose a plan that suits my needs.
“Make sure the insurance plan you’re buying actually covers your medications and treatments you might be thinking of,” Gutierrez says. Pharmaceuticals are a big thing because they tend to change over time.”
More Americans, including middle- and high-income people, could qualify for monthly health insurance premiums this year.
Based on your income and household size, you may be eligible for tax credits or subsidies that can significantly reduce your monthly premium, said JoAnn Volk, a research professor at Georgetown University’s Center for Health Insurance Reform. says.
When you register with the Health Insurance Marketplace (HealthCare.gov), the marketplace will determine if you are eligible for the pre-insurance premium tax credit.
If so, the IRS will make an advance payment to your insurance company on your behalf to offset a portion of your monthly premium.
Volk says the savings can be significant.
“So a family of four with an annual income of about $20,000 to $40,000 could qualify for a plan with a $0 premium,” she explains. “And four of her five who shop will be able to get a plan for as little as $10 a month, when you factor in additional subsidies on insurance premiums.”
You may also be eligible for reduced cost sharing, which can reduce your out-of-pocket costs, deductibles, or amounts you pay before your insurance begins, and your out-of-pocket costs.
Volk recommends researching and comparing your 2023 options, as your 2023 plan may not be a good fit for next year’s plan.
“It’s important to pay attention to the changes that occur each year,” says Volk. “Provider networks can change, and costs can change.
