Can I apply for financial assistance when enrolling in a health plan?

Yes, individuals can apply for financial assistance when enrolling in a health plan through Maryland Health Connection. The program is designed to help residents of Maryland access affordable health insurance, and it offers different forms of financial assistance based on individual circumstances. Those who qualify may receive premium tax credits that lower monthly premium costs or cost-sharing reductions that decrease out-of-pocket expenses for healthcare services. To determine eligibility for financial assistance, individuals generally need to provide information about their household income and family size. Maryland Health Connection reviews this information to assess whether applicants meet the necessary criteria for assistance. The financial assistance is available during the open enrollment period as well as during qualifying life events, such as getting married or losing other health coverage. This ensures that individuals can secure the coverage they need when unexpected changes occur. For detailed guidance on the application process and to explore eligibility requirements, it is advisable to visit the official Maryland Health Connection website. There, individuals can find the most current information and resources to help navigate their enrollment journey.