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How Does Obamacare Open Enrollment Work?

Many Americans are confused about what “Obamacare” is and isn’t. Some people believe it is a type of government health insurance program, sort of like Medicaid and Medicare. Others believe Obamacare is a category of private health insurance plans that have different rules than the plans you can buy on the open market.

However, neither one of these claims is true.

Obamacare is just the unofficial nickname that people have given to the Affordable Care Act (ACA). In other words, it is not a kind of health insurance but rather a law that affects the way all private health insurance works.

Therefore, when you enroll in an “Affordable Care Act plan,” you’re really just enrolling in a regular private insurance plan that meets the new rules set by the ACA.

If you do not get federal insurance through Medicare or private health insurance through a job, then your ACA enrollment period will happen at the end of each year. This means that the ACA open enrollment for 2024 plans will happen toward the end of 2023.

For those who want to buy coverage through the health insurance marketplace, open enrollment for 2024 plans will start on November 1st, 2023. However, these dates may change depending on where you live.

Updated on 05/12/2022