ACA

The Affordable Care Act (ACA) has witnessed an unprecedented surge in enrollment during the latest open enrollment period, setting a new record. According to data published by the health policy research organization KFF, the total enrollment has experienced a remarkable 30% increase compared to the previous year. Notably, this surge represents an 87% rise from the enrollment figures recorded in 2020, a year that marked the lowest total since the ACA marketplaces were first established in 2014.Biden Administration’s Impact
An insightful analysis by KFF indicates a consistent upward trend in ACA health plan enrollment during the Biden administration. This stands in stark contrast to the previous administration under former President Donald Trump, where the total number of signups experienced a 10% decrease in 2020, dropping to 11.4 million from 12.7 million in 2016 – the year Trump assumed office.

As the Open Enrollment Period (OEP) for health insurance comes to a close, individuals must shift their focus toward what comes next. While OEP provides a designated time to enroll in health coverage, there are still considerations and actions to take post-OEP. In this comprehensive guide, we’ll explore the key aspects that individuals should think about after the Open Enrollment Period, ensuring they make informed decisions about their healthcare coverage throughout the year.

Last Thursday, President Biden reopened the Affordable Care Act’s federal insurance marketplaces for three months to give millions of Americans who need coverage during the coronavirus pandemic an extended chance to buy health plans.

Read on as we breakdown the key takeaways from the case and what it means for the future of ACA.