The Affordable Care Act (ACA) legislation allows you to purchase/enroll health insurance coverage at any time during the year (including outside of Open Enrollment) if you have a “qualifying life event.” A “Special Enrollment Period” (SEP) is thus created and a you also become eligible for federal subsidies that can substantially lower your premium. This “loss of essential coverage” also allows you to choose among all available Marketplace plans.
You have 60 days from the date of the event to choose and apply for coverage. Some of the most common SEP situations are divorce, having a baby (the newborn is eligible), losing employer-provided coverage, reaching age 26 while on parent’s plan, becoming a US citizen, and moving to a different service area.
Important: Answer was provided by Edward Harris, one of the leading US health insurance brokers with more than 35 years of experience. His award-winning website, majormedicalhealth.com, provides free online quotes to consumers, accompanied by the lowest available rates provided by major US healthcare companies.