What Colorado Residents Need to Know About Obamacare for 2020
The Affordable Care Act, also known as Obamacare, has not been struck down or repealed.
As of January 2020, the ongoing federal court case challenging the ACA is still moving through the courts. The penalty for being uninsured has been struck down but the rest of the law remains in effect.
- whether you must get health insurance
- what the available plans cover
- how much coverage will cost
- how to sign up for a plan
- how to get help if you need it.
To begin, keep in mind these key points about health insurance in Colorado:
1. Open enrollment has ended for 2020 health care plans, but you can still get health insurance if you qualify for a special enrollment period.
In Colorado, the ACA open enrollment period ended on January 15, 2020. This means that, unless you qualify for an exception, you won't be able obtain health insurance through Connect for Health Colorado until the 2021 open enrollment period begins in the fall of 2020.
If you’ve recently lost your job or income due to the COVID-19 crisis or for any other reason, you might qualify for a special enrollment period that will allow you to sign up for a new health insurance plan or to change your current plan.
To learn whether you qualify for a special enrollment period, see What Happens If I Missed the Colorado Obamacare Enrollment Deadline?
2. You won’t face a tax penalty for going without health insurance in 2020—but there are big downsides to being uninsured.
Obamacare’s tax penalty went away in 2019. That means that if you didn’t have health insurance coverage in 2019, you won’t have to pay a penalty when you file your taxes in this year.