Health insurance will be significantly more affordable for millions of Americans in 2022, thanks to pandemic relief approved by Congress earlier this year. But the ability to sign up for many low- and no-cost plans during the open enrollment window is time-limited.
To help more Americans get health coverage during the pandemic, the American Rescue Plan Act included enhanced premium tax credits for individuals who purchase their own health plans in the Affordable Care Act’s (ACA) health insurance marketplaces.
The ACA’s open enrollment period for 2022 began on Monday, November 1, and closes on Saturday, January 15, 2022. However, those who want coverage for the new calendar year will need to enroll by December 15, 2021.
One option will come from Aetna, a CVS Health company, which is re-entering the ACA individual insurance market in 2022 with the company's first Aetna CVS Health branded insurance product. The plans will be available in select counties in eight states.
The company aims to increase health care accessibility and affordability and improve health equity in local communities.
“With the combined strength of Aetna and CVS Health, we’re uniquely positioned to provide greater value for consumers, particularly the millions of Americans who are uninsured or underinsured,” says Dan Finke, Executive Vice President, CVS Health, President, Aetna.