Private Wealth Management Group of Princeton, NJ Home

ACA

Open Enrollment: Pay Attention

We are now in open enrollment on the government (39 states) or state health insurance exchanges (11 states and the District of Columbia)—so this is the time of year when consumers can buy health insurance coverage under the Affordable Care Act.  In most states, the enrollment season lasts six weeks—half as long as it used to—and many people are wondering whether the ACA is still viable.  Hasn’t the Trump administration taken steps to make it easier for healthy individuals to opt out of ACA and buy cheaper coverage that lacks certain popular consumer protections?  Doesn’t the economics of covering pre-existing conditions require that all insurance buyers participate in the overall pool of insurance premiums?