Enrollment underway in Health Insurance Marketplace
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Enrollment is underway in
Enhanced federal subsidies, which began earlier this year under the Biden administration, will continue for 2022. The subsidies have helped to reduce consumer costs by as much as 40%.
The marketplace is designed for those who are between jobs, the self employed or those who are not covered by a group health plan.
The marketplace's ninth open enrollment period started on
Individuals who don't act by
Monthly premiums for 2022 plans in
This year's single-digit increase in premiums follows decreases in the last two enrollment years, totaling more than 19%. Those base premium reductions and the stability of Delaware's
The program has lowered health insurance premiums for plans sold in the individual insurance market by partially reimbursing insurers for high-cost health care claims through a fund that uses a mix of federal funding and assessments collected by the
In addition, American Rescue Plan Act funds have been used to increase tax credits and expand subsidies further into the middle class. For instance, a family of four (both parents in their 40s) making
Through last year's Open Enrollment and a Special Enrollment Period held earlier this year for people who lost coverage because of the pandemic, about 30,000 Delawareans now have coverage through Delaware's
Federal tax credits are available for those whose household income is between 138% and 400% of the Federal Poverty Level.
For 2022 coverage, the figure is between
Plans on the marketplace are spread among metal-level categories – bronze, silver, gold, platinum, and catastrophic – and are based on how enrollees choose to split the costs of care with their insurance company.
For 2022, Highmark will offer 13 plans for individuals – four gold plans, three silver, three bronze, two platinum, and one catastrophic. In addition, two dental insurers –
State-licensed insurance agents and brokers are also available to help individuals re-enroll and to help employers update their coverage at no extra charge.
For more information, go to www.ChooseHealthDE.com. You can enroll in marketplace coverage at HealthCare.gov or by calling 1 (800) 318-2596 (TTY: 1-855-889-4325). According to the
Other information
* Delaware's total open enrollment for 2021 (25,320) increased about 5.6% over the previous year.
* About 81% of Delaware's marketplace enrollees receive financial assistance to help pay their monthly premiums and/or deductibles and co-pays.
* The overall average monthly premium in
* Among the 25,320 people who signed up during last year's open enrollment, about 80% were re-enrollees and 20% were new enrollees.
* About 74% of Delaware's enrollees signed up during the final three weeks of open enrollment in 2020.
* Both the
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