By what date must consumers enroll in the Unwinding SEP if their loss of coverage was during the qualifying period?

The correct answer is December 31, 2024, because this date marks the end of the Unwinding Special Enrollment Period (SEP) for consumers who lost coverage during the qualifying period. The Unwinding SEP allows individuals who experienced a loss of Medicaid or other health coverage due to factors such as changes in income, eligibility, or program reforms to enroll in a health plan on the marketplace. This is particularly important as many individuals may not have had access to affordable health insurance after losing their prior coverage.

Understanding these deadlines is crucial for ensuring that individuals know when they can access new coverage options without facing penalties or gaps in their healthcare. It helps to reinforce the need for timely enrollment and awareness of contractual obligations that come into effect after enrollment windows close. This emphasizes the importance of remaining informed about health insurance options and timelines, particularly in light of legislative changes that can impact coverage availability.