Obamacare Open Enrollment Is Over: What Does This Mean for You?

From Nov. 1 to Dec. 15, around 4.7 million people signed up for health insurance coverage for 2018 through the Affordable Care Act, or Obamacare.

If you weren't one of them, you've missed out on open enrollment. Open enrollment is a designated time each year during which insurance coverage can be purchased. Those who obtain coverage through employers have open enrollment periods set by company policy, but for most Americans buying insurance through Obamacare's exchanges, open enrollment ran only for this 45-day period from November to December.

It's important to understand what the implications are in terms of your finances and your ability to protect yourself from the costs of unexpected health issues if you missed your chance to get covered for 2018. Here's what the end of open enrollment could mean for you.

Source: Fool.com