Obamacare 2017 Open Enrollment

The Open Enrollment Period for obtaining healthcare coverage through the ACA Health Insurance Marketplace is November 1, 2016 through January 31, 2017. However, to begin coverage January 1, 2017, you need to complete your enrollment by December 15, 2016.

As in previous years, depending on your income, you may be eligible for subsidies for monthly premiums. About 85% of ACA enrollees do qualify for federal tax credit subsidies.

The Kaiser Family Foundation (KFF)  provides an easy-to-use, free tool   for calculating your monthly premiums and subsidies:

http://kff.org/interactive/subsidy-calculator/?utm_campaign=KFF-2016-The-Latest&utm_source=hs_email&utm_medium=email&utm_content=36914797&_hsenc=p2ANqtz-9i9tCWA45-q0Zj72lKxH_CvDBI40JCd_m9ODVftpiDnBz3wsqGaMwgCrrhHqn1M9b5buVUplnt8e0FGnW4uSJAFP8NRw&_hsmi=36914797#state=ca&zip=90402&income-type=dollars&income=40%2C000&employer-coverage=0&people=1&alternate-plan-family=individual&adult-count=1&adults%5B0%5D%5Bage%5D=62&adults%5B0%5D%5Btobacco%5D=0&child-count=0&child-tobacco=0

More Difficult to Find Affordable, Comprehensive Plans

Unfortunately, there are several unfavorable factors impacting Obamacare coverage for 2017, including the withdrawal of some large insurers from offering plans in selected states.

In general, 2017 premium increases will be larger than they were in 2016. Rates will vary by geographical area and the type of plan selected. This trend is not limited to Obamacare plans, but is also impacting individuals who have coverage through their employers. Deductibles and copayments are continuing to rise.

The other trend that is continuing is the narrowing of networks. There are both fewer doctors available in general and contraction of choice in specialists. Again, this is the situation for both Obamacare and employer plans.

A newer trend for Obamacare is the limited availability of independent insurance brokers to assist with making plan choices. These agents work on a commission basis, and now insurers are either reducing or no longer paying commissions to agents for helping people obtain ACA coverage. For example, Cigna, Aetna and UnitedHealthcare have dropped commissions in many states. As a result, a growing number of brokers are declining to offer their services to new enrollees, although some will continue to assist established clients.

For 2017 coverage, it may take a bit more time to evaluate your options and find a plan that is best suited to your needs. Remember, there is still help available from healthcare.gov and from individual insurers.