Continuing for 2022, we will have MANY choices of insurance companies for folks who buy their plans through the Health Insurance Marketplace/ Affordable Care Act/ ObamaCare.In our Western NC region there will be a total of 124 plans!
BCBSNC | Oscar Health | Bright Health | Cigna | Ambetter | United Health Care | Friday Health | Aetna CVS
Our agents at Trout Insurance are ready to work with you. We have been facilitating Marketplace plans since the inception of this act October of 2013 when Healthcare.gov crashed every 67 seconds. From that time, we have completed thousands of enrollments. As independent agents, we are appointed with all the new companies and ready to help you with new 2022 coverage.
Comparing • Evaluating • Renewing • Enrolling
First, we will need your updated information, including responses to the questions below:
Did you reconcile your Premium Subsidy on your 2020 Tax Return?
Renewal of Your Health Insurance Plan & Premium Subsidy
In early October you will receive a Renewal Rate Notice from your current insurance company . This will specify what your current plan will cost in 2022 if there are no changes. But the premium subsidy is the amount listed for 2021 plan year and NOT the new 2022 calculation. Insurance companies are required to send this early. The new calculation for 2022 will be available only as open enrollment starts (November 1, 2021).
APTC for 2022- Your Estimated Income
Your Premium Subsidy is based on your "Modified Adjusted Gross Income" for all of 2022. We'll estimate your income for next year and arrive at your discount. When you do your 2022 income tax next year, the IRS will reconcile the estimate with the actual and adjust accordingly.
The subsidy is calculated based off the cost of the second lowest Silver plan premium.Likely, that premium will see a decrease in 2022. And since you have gotten a year older, your premium after the discount may have increased.
NOW, MORE TIME TO DECIDE
For this year- the enrollment period has been extended to January 15, 2022. Apply or renew your policy by December 15 - your new coverage will begin on January 1, 2022.
If you need more time to decide, circumstances changed, or you just plain forgot- apply by January 15th for February 1st effective.
SO MANY CHOICES..!
2022 will be a challenge- especially here in western North Carolina where we have so many choices. As your trusted and experienced agents, we will advise you on the best possible plan for you, your needs and budget.