- Gather basic information about your household income.
Most people using the Marketplace will qualify for lower costs on monthly premiums or lower out-of-pocket costs. To find out how much savings you’re eligible for, you’ll need to provide income information, like the kind you get on your W-2, current pay stubs, or your tax return. You can use this checklist to get started.
- Set your budget.
There will be different types of health plans to meet a variety of needs and budgets. You’ll need to figure out how much you want to spend on premiums each month.
- Make sure you understand how coverage works, including things like premiums, deductibles, out-of-pocket maximums, copayments, and coinsurance.
- Ask your employer if it plans to offer health insurance.
If not, you may need to get insurance through the Marketplace or from other sources in 2016.
- Make a list of questions you have before it’s time to choose your health plan.