Marketplace insurance Illinois is easy to enroll in with the right agent on your side. With insurance enrollment deadlines approaching, you may be wondering which ones to choose from or what they even mean! The good news is that if you have forgotten about enrollment or need more time to process which plan to choose, the open enrollment deadline has now been extended to January 15th for marketplace insurance. 

So what is marketplace insurance?

The Health Insurance Marketplace is a service run by the federal government where people can shop for and enroll in insurance plans. It’s available at HealthCare.gov and for most states—some states run their own marketplaces such as Get Covered Illinois in the state of Illinois. Each state only has one marketplace run by either the federal government or the state. The marketplace allows consumers to select from among a variety of private health insurance companies that offer different qualified health plans. The bottom line is that these enrollment platforms were designed to provide coverage for individuals and families who are either uninsured or already buying their own health insurance.

Another question you may be asking is who should go to the marketplace. This service is ideal for people under the age of 65 with incomes between 150% and 400% of the poverty level.

If you fall under this category, you can get a premium credit from the government which will give you an (X) amount of dollars on a monthly basis that will go toward that premium. With these credits and subsidies, it can help lower your costs and give you a better policy!

These ACA-compliant plans and income-based subsidies were created to make coverage and care more affordable and ensure that there is no medical underwriting or excluding of pre-existing conditions.

Marketplace insurance plans that fit YOUR needs

If you’re wondering which plans work best with these premium credits and subsidies, it seems like the silver plans are the fittest to maximize these benefits. Additionally, if you buy your insurance now during the open enrollment, it’s a guaranteed issue and will cover pre-existing health conditions. 

The MLD Agency is certified to help you enroll in marketplace insurance in Illinois. We can find the best fit for you and walk you through the confusing portal so you feel satisfied with your coverage. 

Contact us today for a free, no-obligation insurance review!