Did you know business owners can get coverage through the Maryland Health Exchange, just not the way you would normally think. |
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Link to this post: ramlcpa.link/0201a There is Still Time to Get Health Insurance. Open Enrollment Extended in Maryland through February 28!
Over 181,000 Maryland residents have enrolled so far for health insurance through marylandhealthconnection.gov for 2022, an 9.4% increase over 2021. Between November 1st and January 15th, new health insurance enrollments totaled 39,181 – up by 48%. Over 141,000 people who had insurance through the state exchange renewed their plans for 2022. Maryland residents can also get dental coverage through Maryland Health Connection. Dental enrollments grew 29% from 51,505 in 2021 to 66,634 for 2022. The rise in enrollments is not by accident though, as Maryland launched a reinsurance program back in 2018 that has helped create some of the most affordable plans in the nation. According to a Kaiser Family Foundation, Maryland on average has the least expensive Individual gold and bronze plans and the third lowest cost silver plans in the nation. There will be additional enrollment opportunities this year, including the Easy Enrollment program, which allows uninsured people who file their state income taxes to sign up for insurance through an online application. Additional information on the Easy Enrollment program can be found by visiting marylandhealthconnection.gov/easyenrollment Maryland is also launching a similar program later this year for those filing for Unemployment Insurance and checks a box feature indicating that they need coverage. Key Statistics and important demographic trends.
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Travis Raml, CPA
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August 2022
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