Open enrollment to purchase health insurance plans for 2020 through the Affordable Care Act (ACA) individual marketplaces is in full swing. This open enrollment season, Airbnb is excited to partner with Small Business Majority to get the word out about enrollment and share important resources to help hosts, entrepreneurs and small businesses within the host community get covered. Small Business Majority is a national small business advocacy organization, founded and run by small business owners. The organization’s mission is to empower America’s entrepreneurs to build a thriving and inclusive economy. Airbnb shares a similar goal of serving and strengthening local communities.
Check out these six key facts provided by Small Business Majority about this year’s open enrollment:
1. National open enrollment ends on December 15 for most states
Six states and the District of Columbia have extended open enrollment beyond December 15, including California, Colorado, Massachusetts, Minnesota, New York, and Rhode Island. The short enrollment period for most states means it’s critical that you check out your options and enroll as soon as possible.
2. You don’t have to go it alone
Check out educational resources to help you enroll in coverage, including Venturize – Small Business Majority’s online resource hub, or visit Healthcare.gov’s Find Local Help Tool to see if in-person assistance is available near you.
3. Costs are actually going down, and you may be eligible for financial assistance to lower the cost of your premiums further
Premiums are decreasing in many areas of the country, and nearly 9 in 10 individuals qualify for some kind of financial assistance. Last year, more than 8 in 10 consumers were eligible for a plan for less than $100 per month.
4. There are multiple ways to enroll
You can enroll online at Healthcare.gov, over the phone or in-person, if enrollment assistance is available near you. If your state runs its own website, Healthcare.gov will help guide you to the right place. You can start by visiting HealthCare.gov or CuidadodeSalud.gov, or by calling the marketplace call center at 1-800-318-2596.
5. Health insurance is no longer mandatory, but it’s still important to check out your options and get covered
Congress repealed the individual mandate penalty at the end of 2017, but it is still strongly advised that small business owners and freelance entrepreneurs enroll in a healthcare plan. Having health insurance helps protect both your health and financial security by ensuring you’re protected against unexpected healthcare costs. It also provides you with access to critical preventive services and screenings to make sure you stay healthy and can focus on growing your business.
6. If you purchase small group coverage for yourself and employees, it’s important to remember that small businesses are no longer able to shop online for a group plan through Healthcare.gov
You can still use the site to compare plans and verify eligibility for tax credits, but will then need to work with a broker or agent or purchase directly through a carrier. Learn more about small group coverage.
The deadline to enroll in 2020 coverage is fast approaching. Don’t wait to learn more about how to get covered.