2024 Health Insurance Buyers Guide: Affordable Care Act Updates

TLDRGet ready for the 2024 open enrollment for health insurance with the Affordable Care Act. Learn about the updates, including the inflation reduction act and cost share plans. Higher income earners can now qualify for subsidies, and there are new options for zero-deductible co-pay plans. Our agency can help guide you through the process at no cost to you.

Key insights

💡The Affordable Care Act and Marketplace ACA Healthcare Dag plans are the same thing and available in multiple states.

💲Higher income earners can now qualify for subsidies through 2025, making health insurance more affordable for them.

🔍Cost share plans provide better plan designs for individuals with lower income.

🏥ACA plans must cover pre-existing conditions and offer preventative care 100% prior to the deductible.

📝Estimating your income for 2024 is important to determine your subsidy amount accurately.

Q&A

When is the open enrollment for health insurance?

—The open enrollment period starts on November 1st and goes through January 15th.

Can higher income earners qualify for subsidies?

—Yes, higher income earners can now qualify for subsidies through 2025.

What are cost share plans?

—Cost share plans are specific plans that provide better plan designs for individuals with lower income.

What does ACA stand for?

—ACA stands for the Affordable Care Act.

Do ACA plans cover pre-existing conditions?

—Yes, ACA plans must cover pre-existing conditions.

Timestamped Summary

00:00Introduction to the 2024 buyers guide for health insurance with the Affordable Care Act.

01:25Higher income earners can now qualify for subsidies through 2025.

01:57Cost share plans provide better plan designs for individuals with lower income.

02:51ACA plans must cover pre-existing conditions and offer preventative care 100% prior to the deductible.

03:41Estimating your income for 2024 is important to determine your subsidy amount accurately.

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