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ACA Marketplace Coverage Enrollments Reach Record High

News
Article

New sign-up rates for plan selections total 18%.

© Volha - stock.adobe.com

ACA © Volha - stock.adobe.com

Over 20 million Americans have broken enrollment records by signing up for individual market healthcare insurance plans for 2024, according to a report from the Centers for Medicare & Medicaid Services (CMS). Last year, only 16.3 million Americans opted in.

Enrollment, which opened on Nov. 1, includes 15.5 million marketplace selections from the 32 states that use the HealthCare.gov platform and 4.8 million selections from the 18 states and the District of Columbia using state-based marketplaces (SBMs).

When combined, more than 3.7 million selections (18%) are from new customers.

“This year’s plan selection is a record-breaking achievement. It shows how far we’ve come and how much this Administration values and is continuing to build on the legacy of the Affordable Care Act nearly 14 years since it was first passed,” CMS Administrator Chiquita Brooks-LaSure in a news release.

Those who have yet to sign up and live in states using the HealthCare.gov platform have until midnight on Jan. 16 to enroll for coverage that begins Feb. 1. Deadlines vary for consumers using an SBM enrollment system.

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