The American Rescue Plan Act (ARPC) has extended the special registration period to allow consumers to sign up for health care in federal markets until August 15, 2021. This gives additional time for those seeking health insurance to take advantage of new rules that expand coverage for the millions who have suffered financial hardship. due to the COVID-19 pandemic.
Here are some things to keep in mind when you sign up.
If you have more than one SEP (marriage, adoption, and childbirth), use the SEP that gives you coverage retroactively up to the date of the qualifying event. The COVID-19 SEP is not retroactive and will start the month following the month you applied for coverage.
You can change plans during the SEP after thirty days of coverage if you had another qualifying event. However, be aware that if you have a birthday in the meantime, you may be rated higher in the new policy (your premium may be higher).
Individual states may also offer SEPs for over-the-counter plans.
COBRA recipients may use SEP to access a market plan. US Bailout Act currently supports 100% of COBRA premiums, but that will expire (unless extended) on September 30, 2021. The ARPC also allows you to get COBRA coverage if you’ve previously declined.