health insurance exchange

U.S. Supreme Court

Today’s Supreme Court ruling on the Affordable Care Act means tax credits are still available for people who buy health insurance on the federal exchange.

Rhode Island set up its own exchange, HealthSource RI. And because of that, the ruling would not have affected the Ocean State either way. Rhode Islanders who qualify for subsidies to help pay for health insurance will continue to receive them.

Open enrollment for Rhode Island’s online health insurance marketplace, HealthSource RI, begins November 15. Individuals who are already enrolled must renew their coverage.

Individuals and families who enrolled in a health insurance plan on HealthSource RI the last time around must renew their coverage or pick a new plan by December 23rd. Why? One reason is that their coverage will not automatically renew. Another , said Health Source RI head Christine Ferguson is the choices have changed.

October 15 marks the start of open enrollment for anyone who wants to switch Medicare Advantage plans or join Medicare Part D, the prescription drug plan.

November 15 is when open enrollment begins for HealthSource RI, the second time around for Rhode Island's online health insurance marketplace for individuals, families, and small businesses.

Here's what we know so far about the options.

Many small businesses will be renewing health insurance coverage for their employees beginning in September. And HealthSource RI head Christine Ferguson says she hopes small business owners will consider plans on the state’s health insurance exchange. They’ll find some new options this time around, she says.

“We are in the finalization of the plan design. And we have plans that cost less than they cost last year," said Ferguson. "And we have a wider range of options. We have more carriers in the market for individuals as well as on the employer side.”

Aaron Read / RIPR

How much will health insurance cost you next year? Well, you’ll find out soon. Health insurers have submitted their plans for next year, including how much they want to charge customers and what benefits those plans will include.

In Rhode Island, it’s the office of the health insurance commissioner that reviews those plans and decides whether to approve or reject them, or ask for some changes.

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