Open Enrollment 2023: Vermonters can enroll in health insurance starting now

Vermont Business Magazine November 1 marks the first day Vermonters can enroll in or make changes to their health and dental plans for 2023. Thanks to a new law that extends financial assistance through 2025, Vermonters can get low-cost health care that covers preventative care like mental health services and annual check-ups.

Vermonters can save money on the amount they pay for the plans, called premiums, if they qualify and enroll in the health insurance market. Tens of thousands of Vermonters are already using this financial assistance, called grants or federal tax credits, to purchase insurance through Vermont Health Connect. This year, increased financial assistance is available through the federal government and more Vermonters who have access to employer health insurance can obtain this assistance through the marketplace.

“Vermont has one of the lowest uninsured rates in the country,” said Andrea De La Bruere, commissioner of the Vermont Department of Health Access. “At the Department, we have been a strong advocate for financial assistance so Vermonters can become and stay insured through affordable and accessible health plans.”

More than 90% of people registered in the health insurance market are eligible for financial assistance. 25% of enrollees pay less than $25 per month for their health plans, and 10% pay less than $10 per month. For plan year 2023, an eligible person earning $40,000 a year could get the cheapest Gold plan for $195 a month, a savings of $699 a month from federal subsidies. A family of four with a household income of $100,000 could benefit from the same package for $721 per month, a monthly savings of $1,737 or more than $20,000 per year.

“A few years ago, I was covered by Medicaid. When I started making more money, I was no longer qualified,” Bennington’s Kay Greenwood said. “This year I contacted an assistant who helped me find out how much the health plans cost and what they covered. The process was stress-free and I signed up for the plan that was right for me, without no gaps in health care or insurance coverage.

In the past, people who had access to health insurance through the employment of a family member were usually blocked from getting cheaper coverage in the market. This year, a fix is ​​in place. Now, more Vermonters with expensive employer-sponsored plans are eligible for subsidies. The fix can make health insurance more affordable and within reach.

It is best to enroll before December 15 to ensure member protection throughout 2023. Coverage will begin February 1, 2023 for those who enroll between December 16, 2022 and January 15, 2023.

It’s easy to register:

· Create an account and tell us about your household. You will be screened to see if you qualify for grants to help pay for a health plan.

The easy-to-use Plan Comparison Tool for Health Plans 2023 is designed to help you choose a plan that best meets your financial and medical needs.

· Assistants are professionals trained and certified by the Vermont Department of Health Access to help Vermont residents enroll and maintain health coverage. They can answer questions and guide you through an application. Assistants work for various agencies in the community such as hospitals, health care providers and community organizations.

· Learn how to calculate if employer-sponsored insurance is affordable or if you can get financial help in the marketplace with this online tool.

Vermont Health Connect is where individuals and families can buy and apply for health insurance. Vermont residents can learn more by visiting www.VermontHealthConnect.gov, calling the Customer Assistance Center at 1-855-899-9600, or contacting an in-person assistant near you.

11.1.2022. Waterbury, VT–Vermont Health Connect

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