If you had Marketplace health insurance in 2019, you can renew, change, or update your plan for 2020 during the Open Enrollment Period, Friday, November 1 to Sunday, December 15, 2019.
Important: Starting November 1, update your income and household information on your 2020 application, so you get the right amount of savings. You can then compare all available plans and enroll in any one you like. Plans sold during Open Enrollment start January 1, 2020.
By November 1, 2019, you should get 2 letters: one from your current insurance company and one from the Marketplace. Together they explain:
No matter what plan you want to enroll in, we strongly recommend you update your Marketplace application with your expected income and household information and compare your current plan to what’s available for 2020. You can do this as soon as November 1, 2019.
You can cancel your Marketplace coverage any time. You may need to do this if you get other health coverage, or for another reason.
You can end coverage for:
If you don’t enroll in a new plan by December 15, you may be automatically enrolled in or matched with a 2020 plan. That way you'll be covered on January 1, 2020. If you don't pay the first premium, the plan won't be activated.
Yes. But the only way to get a premium tax credit and other savings is to buy your plan through the Marketplace.
If you know your income is too high to qualify you for a premium tax credit, you may want to explore plans outside the Marketplace.
Note: Plans inside and outside the Marketplace have similar basic features, but some outside-the-Marketplace plans have different costs and other important details. If you're looking at plans outside the Marketplace, be sure to compare them to plans in the Marketplace too.
Your premium tax credit is based on the most current information available about your income and household size. That may be information on your 2019 application, or information from other sources, like the IRS. Financial help is based on your expected income for 2020, not 2019.
That's why it's so important to update your application with income and household changes you expect for 2020. It's the only way to be sure you'll get the right tax credit and other savings for the year.
Update your application as soon as November 1, 2019. Select a plan by December 15, 2019, and you'll have the right amount of savings, and the plan you want, starting January 1, 2020.
Plan premiums in your area may have changed too, and that can affect your premium tax credit.
There are several possible reasons. But even if you’re told you don't qualify for financial help, update your application for 2020, and if necessary take the actions below. You may find out that you do qualify for financial help.
Possible reasons you've been told you may not qualify for a premium tax credit next year:
If your insurance company letter says they aren't offering your plan or a similar plan through the Marketplace in your area for 2020, you'll be matched with an alternate plan. We strongly encourage you to update your Marketplace application and review all plans available to you for 2020. When updating your 2020 Marketplace application, be sure to indicate that you're losing your 2019 health coverage as of December 31, 2019.
You must enroll in a plan by December 15, 2019. Coverage starts January 1, 2020.
If you have questions about your plan's availability for 2020, call your current health insurance company.
To protect you from a gap in coverage, if you don't choose a plan by December 15, 2019, and the Marketplace has matched you with an alternate plan offered by another insurance company, we'll enroll you in that plan.
You’re under no obligation to activate this new plan. (Your plan isn’t activated until you pay your first monthly premium.)
All 2019 Marketplace plans end December 31, 2019, no matter when you enrolled.
If you don’t enroll by December 15, you can't enroll in a health insurance plan for the rest of 2020 unless you qualify for a Special Enrollment Period.
No. Even if you're automatically enrolled in a new plan, you're under no obligation to activate this new plan. Plans are only activated once you pay your first premium.
Once you’re enrolled in a plan, you’ll pay your first premium to the insurance company. Insurance companies handle payments differently. Follow the instructions from your insurer about how and when to make your premium payment. You may be able to pay online.
Learn more about changing from the Marketplace to Medicare.