2023 Open Enrollment: Vermonters can sign up for health insurance now

Vermont Business Journal November 1st marks the first day Vermonters can enroll in or change their health and dental plans for 2023. Thanks to a new law that extends financial assistance through 2025, Vermonters can get health plans with more -low cost that cover preventive care such as mental health services and annual checkups.

Vermonters can save money on the amount they pay for plans, called premiums, if they qualify and enroll in the health insurance marketplace. Tens of thousands of Vermonters already use this financial assistance, called subsidies or federal tax credits, to buy 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 get that help through the marketplace.

“Vermont has one of the lowest uninsured rates in the country,” said Andrea De La Brewer, commissioner of the Vermont Department of Health Care Access. “We at the Department have strongly advocated for financial assistance so that Vermonters can become and stay insured through affordable and accessible health plans.”

Over 90% of people who enroll through the health insurance marketplace qualify 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 individual earning $40,000 a year can get the cheapest Gold plan for $195 a month — a savings of $699 each month thanks to federal subsidies. A family of four with a household income of $100,000 can get the same plan for $721 a month — a monthly savings of $1,737 or more than $20,000 a year.

“I had Medicaid coverage a few years ago. When I started making more money, I didn’t qualify anymore,” said Kay Greenwood of Bennington. “This year I connected with an assistant who helped me figure out how much health plans cost and what they cover. The process was stress-free and I signed up for the plan that was right for me with no gaps in health care or insurance coverage.”

In the past, people who accessed health insurance through a family member’s job were typically blocked from getting cheaper coverage through the marketplace. There is a fix this year. Now more Vermonters whose employer-sponsored plans are expensive can take advantage of subsidies. The amendment could make health insurance more affordable and accessible.

It’s best to sign up by December 15 to ensure members are protected in 2023. Cover will start on February 1, 2023 for people who sign up between December 16, 2022 and January 15, 2023 .

It’s easy to sign up:

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

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

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

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

Vermont Health Connect is where individuals and families can shop and sign up for health insurance. Vermonters can learn more by visiting www.VermontHealthConnect.gov, calling the Customer Care Center at 1-855-899-9600 or contacting a personal assistant near you.

01/11/2022 Waterbury, VT–Vermont Health Connect

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