On January 28, 2021, Biden signed the executive order, to reopen the MarketPlace to give millions of Americans who need coverage during the pandemic an extended chance to buy health insurance.
During his first days in office, Biden’s set of executive actions is no surprise, as he was one of the pioneers in creating the Affordable Care Act during his 8 years of Vice Presidency to the Obama Administration.
The Affordable Care Act provides Americans access to comprehensive healthcare coverage regardless of income, medical history, lifestyle, or demographics.
“There’s nothing new that we’re doing here, other than restoring the Affordable Care Act and restoring Medicaid to the way it was before Trump became president,” Biden said in a statement.
2020 Open Enrollment November 1st TO December 15th
During open enrollment, Americans have the choice to change plans, carriers, or sectors. The federal MarketPlace provides healthcare coverage that is Affordable Care Act compliant and provides minimum essential coverage.
- Affordable Care Act-compliant health insurance cannot deny claims for individuals based on their medical history.
- Minimal Essential Coverage is mandated to provide EHB’s (Essential Health Benefits)
A special enrollment period is a time when you are allowed to make changes to your health insurance plan even though it’s not an open enrollment period.
- It is a “time frame” outside the yearly Open Enrollment Period when you can sign up for ACA compliant comprehensive health insurance.
The special enrollment period applies to the 38 states that use the federal healthcare exchange and the 13 individual state-based marketplaces.
Residents who currently have “minimal essential coverage” cannot change plans. Residents who have private health insurance (that is not considered Minimal Essential Coverage) are considered uninsured and have the ability to enroll in a plan through their state marketplace.