When your health plan is up for renewal, we’re working hard to make keeping your existing Marketplace coverage as straightforward as possible.
These are the 7 things you should know about auto-enrollment and renewal:
- In 2022, all Marketplace health plans 2021 will be up for renewal. The Marketplace’s Open Enrollment period for 2022 health coverage begins on November 1, 2021.
- In the fall, your insurance carrier will send you information regarding new premiums and benefits.
- Examine the adjustments made to your strategy in 2022 to see if it still fulfills your needs. Call or check the plan’s website to see if your doctor and other health care providers are in the network next year. Check to see whether any drugs you’re taking are covered.
- You don’t need to do anything if you’re happy with your current plan and want to maintain it—and your income or household size hasn’t changed. For 2022, the Marketplace will automatically enroll you in the same plan.
- You must notify the Marketplace if your income or household size has changed to receive the correct premium tax credit. If you don’t change this information, you’ll get the same premium tax credit in 2021. You may owe money when you submit your tax return at the end of 2022 if your income or household size changes and you don’t notify these changes to the Marketplace.
- If you want to switch plans, you can:
- Stay with your existing insurance company and choose any other Marketplace health plan available in your service area.
- Use the Marketplace to find a new health plan from a different insurance company.
- Go outside the Marketplace and purchase a new private health plan. You will be ineligible for the Marketplace’s premium tax credits and cost-sharing reductions if you do this.
- Your current Marketplace plan may not be available in 2022 in some instances. If that’s the case, we’ll automatically enroll you in a similar plan until you choose and enroll in a different plan, so you don’t go without health coverage. Because your current plan is coming to an end, you will qualify for a Special Enrollment Period and enroll in a new plan outside of the Open Enrollment period.
