Affordable Care Act Enrollment: 5 Money-Saving Tips for 2018
It's that time of the year again: Open enrollment for the Affordable Care Act (ACA), which you probably know better as Obamacare, is in full swing. Enrollment began on Nov. 1, as it has in recent years, and it'll continue through Dec. 15 in most states. Keep in mind there are a handful of states where enrollment may continue for weeks beyond this Dec. 15 deadline.
For the millions of people who purchase their health insurance through an ACA exchange, things are probably going to have a different feel this time around. The first thing you're likely to notice is a double-digit percentage increase in year-over-year premiums in your state. An exodus of insurance companies has reduced competition and buoyed pricing power. Giants like UnitedHealth Group (NYSE: UNH) have reduced their state-based coverage by more than 90%, while both Aetna (NYSE: AET) and Humana (NYSE: HUM), which had at one time tried to merge but were shot down by regulators, are leaving the ACA entirely in 2018. But this is far from the only concern.
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Source: Fool.com
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