When will Pennie transition from using the 2023 FPL levels to 2024 levels?

The correct timing for Pennie’s transition from using the 2023 Federal Poverty Level (FPL) levels to the 2024 levels is November 1st. This date is significant because it aligns with the major event of the annual open enrollment period for health coverage, which typically starts in early November each year. Transitioning at this time allows for the new FPL thresholds to be in effect for individuals and families applying for health insurance subsidies through the marketplace.

Understanding this timing is crucial for agents and brokers as it impacts how they assist clients with their enrollment choices and ensures they provide accurate information about available plans and financial assistance. The other dates provided do not align with this enrollment cycle, making November 1st the definitive choice for when the new FPL levels will be utilized.