We have received numerous inquiries from clients as to the fate of their health insurance. We know that President Trump has signed an Executive Order and that change to the law is inevitable. Here are a few reminders and thoughts on what to expect:
- The ACA is still the law. Even though change is expected, the ACA remains in place and unchanged at this time. The law still requires most Americans to have health insurance to avoid tax penalties.
- Open Enrollment continues through January 31. There’s still time for individuals and families to enroll in coverage for 2017. You can purchase coverage through the private market through a broker like me, or enroll via Covered California, the public marketplace.
- Whatever changes come, they’ll take time. Changes will require specific legislative and administrative action. Health policy experts predict that consumers will be given a transition period while Congress puts together any replacement plan.
We’ll keep you posted on important news and updates that directly affect your health insurance. Thanks, Phil