Healthcare Exchanges/Marketplaces Frequently Asked Questions
What health insurance options are available to college students?
College students may be eligible for the following health insurance options:
- Coverage as a dependent on a parent's health insurance plan to the age of 26
- Coverage through Medicaid, based on expanded eligibility requirements in some states
- If you are a former foster youth, Medicaid coverage until to the age of 26
- Coverage through the Exchange/Marketplace; with premium tax credit, or subsidy, if income requirements are met
- Coverage through an individual health plan offered outside of the Exchange/Marketplace
- University-sponsored student health benefits plan (for eligible students)
When is open enrollment?
- The next open enrollment period for plans offered through the Exchange/Marketplace will be November 1, 2016-January 31, 2017.
- Open enrollment for the UO Student Health Benefits Plan happens every term.
Can a student who attends college outside of their state of residency apply for an Exchange/Marketplace plan in the state in which their college or university is located?
- No, individuals interested in purchasing coverage through the Exchange/Marketplace may only apply for plans available in the state where they are a resident. Each state has its own residency definition and requirements which must be met for a person to legally be considered a resident.
Are international students eligible to purchase a plan through the Exchange/Marketplace?
- International students who are legally in the United States are eligible to purchase a plan through the Exchange/Marketplace, but are not eligible for premium tax credit.
What kinds of health insurance options are available through the Exchanges/Marketplaces?
- There is a menu of plan designs that are based on actuarial value levels of benefits offered through the Exchange/Marketplace. These plans are categorized as: Bronze (60%), Silver (70%), Gold (80%) and Platinum (90%), and are often structured through limited provider networks.
- Once enrolled in an Exchange/Marketplace plan, one must continue enrollment in the same plan throughout the policy year unless a qualifying life event occurs, such as moving to a new state, certain changes in income, or changes in family size (i.e., marriage, divorce, or birth of a child).
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