• Wed. Dec 6th, 2023

2024 Health Insurance Marketplace Enrollment Opens to the Public


Nov 21, 2023

The open enrollment period for individual health insurance coverage on healthcare.gov has officially started and will continue until January 15, according to the Maui News. This is a great opportunity for residents to compare plans and see if they are eligible for enhanced subsidies to reduce their premiums.

In 2024, enhanced subsidies to reduce premiums will be available for both new and returning consumers who are eligible. These subsidies were made possible by the American Rescue Plan Act of 2021, which expanded the availability of financial assistance through the marketplace, and the Inflation Reduction Act of 2022, which extended these benefits through 2025.

It is important for consumers to understand what their health insurance policy covers and identify their current healthcare needs such as services, health care providers, and prescription drugs. This will help them make informed decisions when comparing plans during the open enrollment period. Consumers should also be mindful of out-of-pocket costs they may have to pay as well as the monthly premium.

The enrollment deadline for coverage that starts on January 1 is December 15. For more information on health insurance, residents can visit cca.hawaii.gov/ins/consumers/health.

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