Sign-ups for Affordable Care Act coverage have skyrocketed nearly 50% since the Biden administration took office in 2021.
Open enrollment on the federal exchange and most state marketplaces ran from November 1 to January 15. But those who lose health insurance coverage, have a qualifying life change or have very low incomes can obtain policies throughout the year through special enrollment periods. Sign-ups on the federal exchange, healthcare.gov, have skyrocketed nearly 50% since the Biden administration took office in 2021, thanks in large part to enhanced federal premium subsidies and increased outreach efforts.
Generous federal subsidies to purchase coverage Affordable Care Act plans have become more attractive since 2021, when the Democrats who controlled Congress at the time temporarily enhanced the program’s federal subsidies as part of the Covid-19 relief package known as the American Rescue Plan. Lawmakers extended that generous help through 2025 as part of the Inflation Reduction Act – the climate, health care and tax package that became law last summer. Enrollees pay no more than 8.
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