The Maui News announced the start of the open enrollment period for individual health insurance coverage on healthcare.gov, which will run until January 15. Residents who have current health coverage through the marketplace can renew their plans during this time. In 2024, enhanced subsidies to reduce premiums are available for both new and returning consumers who are eligible. The American Rescue Plan Act of 2021 expanded the availability of financial assistance through the marketplace, and the Inflation Reduction Act of 2022 extended these benefits through 2025.
Insurance Commissioner Gordon Ito encourages consumers to shop and compare plans to see if they are eligible for enhanced subsidies to reduce their premiums. He also emphasizes the importance of understanding what a health insurance policy covers and identifying current health care needs such as services, health care providers, and prescription drugs. Consumers should enroll by December 15 for coverage that starts January 1. For more information on health insurance, visit cca.hawaii.gov/ins/consumers/health.