The next round of signup for the Affordable Care Act, commonly known as Obamacare, will begin today in the state of Michigan.
For this year’s enrollment period, there are two key pieces of information that potential enrollees must consider. First, the rates will be jumping 16.7% from the 2016 rates. That’s more than two and a half times higher than last year’s rate increase of 6.5%, according to the Detroit Free Press.
Secondly—and this is important—the federal penalty for opting out of health insurance will take effect this upcoming year. According to Kevin Griffis, who works in the U.S. Department of Health and Human Services, this change in policy “may be an additional incentive to encourage people to come in and take a look at what options they have” for 2017 health coverage.
Despite polls showing voter interest in the future of affordable health care in the United States, the issue has largely been untouched in the presidential campaigns, which have instead focused largely on personal or controversial issues rather than impactful policy.
Nearly 400,000 Michiganders take part in Obamacare.
This will mark the fourth enrollment period since the bill first took effect. The ACA was first passed by congress in 2010.
All interested enrollees should visit HealthCare.gov.