Today, Department of Health Services (DHS) Secretary-designate Karen Timberlake and Insurance Commissioner Nathan Houdek celebrate the launch of the 10th annual open enrollment period in the individual health insurance market. . This period begins on November 1, 2022 and lasts until January 15, 2023.
During this limited time, all Wisconsin residents are eligible to enroll in any of the health plans available in the federal marketplace. Those who already have insurance in the market can also renew, update or upgrade their health plans during this time.
“Since the first open enrollment period a decade ago, hundreds of thousands of Wisconsin residents have obtained high-quality health insurance through HealthCare.gov,” Commissioner Houdek said. “Since that time, our market has become even stronger, more competitive and more affordable.”
In 2020, Governor Tony Evers’ OCI DHS Healthcare Coverage Partnership launched WisCovered.com(link is external) as an accessible resource for consumers. By visiting WisCovered.com or calling 2-1-1, people can connect with free, expert help. These experts help Wisconsinites understand their coverage options and determine whether they qualify for subsidized in-market health insurance premiums or low-cost coverage through BadgerCare Plus. These services are available in English, Spanish and Hmong.
“I urge Wisconsin residents to shop around for a plan that covers doctor visits, prescriptions, hospital stays, etc. By purchasing health insurance, you are investing in your health and the health of those around you,” said Secretary-designate Timberlake. “You may also be able to get a low-cost or no-cost health insurance plan with the new financial assistance available right now.”
“If you need help enrolling in a plan or determining if you qualify for financial assistance, experts are available to help. Speak to an insurance agent or broker or call 2-1-1 to find a free insurance adjuster to help you one-on-one,” Commissioner Houdek said. “You can also check the chat tool on WisCovered.com(link is external) to find out if you are eligible for additional savings on your health plan.”
Wisconsin’s individual health insurance market has grown significantly across the state, growing 8% from 2019 to 2021(link is external). Plan enrollment has also increased over the past year, with 212,209 Wisconsin residents selecting plans in the market for plan year 2022. Much of the increase in enrollment is related to improved subsidies. by the American Rescue Plan Act and extended by the Inflation Reduction Act. Last year, 88% of Wisconsin consumers(link is external) who registered with HealthCare.gov were able to take advantage of these subsidized premiums.
Wisconsin’s individual health insurance market also has the second-largest number of insurers in the nation(link is external). Wisconsinites in 70 counties across the state will have the option to choose from at least three different health insurance companies on HealthCare.gov. Four insurance companies are expanding their service areas, giving Wisconsinans more options in more counties. An interactive map of health insurers available by department(link is external) is available.
The success of Wisconsin’s Health Care Stability Plan (WIHSP) has also kept rates in the individual market. Without WIHSP, rates on HealthCare.gov would have increased 21.4% for plan year 2023, based on a weighted average.