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Annual enrollment. In the United States, annual enrollment (also known as open enrollment or open season) is a period of time, usually but not always occurring once per year, when employees of companies and organizations, including the government, [1] may make changes to their elected employee benefit options, such as health insurance.
ACA was signed into law on March 23, 2010. The law required that health insurance exchanges commence operation in every state on October 1, 2013. In the first year of operation, open enrollment on the exchanges ran from October 1, 2013, to March 31, 2014, and insurance plans purchased by December 15, 2013, began coverage on January 1, 2014.
Open enrollment for 2024 coverage on the federal exchange runs through January 15, 2024 (or January 16, 2024 due to the federal holiday on January 15). For coverage beginning on January 1, 2024 ...
The mandate and limits on open enrollment were designed to avoid the insurance death spiral, minimize the free rider problem and prevent the healthcare system from succumbing to adverse selection. The mandate was intended to increase the size and diversity of the insured population, including more young and healthy participants to broaden the ...
Medicare’s annual open enrollment for 2022 is underway, and both new enrollees and veteran seniors should carefully consider their options.
For many workers, it's almost time for the annual ritual of open enrollment, when you get to choose a health insurance plan and other benefits for the coming year. And while wading through all ...
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