Illinois Open Enrollment 2027 for Early Retirees

Last updated November 3, 2026 · By Frank Caballero, licensed health insurance broker

What 2027 looks like for you

Illinois's average 2027 rate change is 14% to 14.1% (finalized). The details are on the Illinois 2027 premium increase page.

For 2027 the subsidy line is $63,840 for one person and $86,560 for a couple. Pension income and withdrawals from pre-tax retirement accounts generally count toward it, and Marketplace prices for the oldest adults can run up to three times those for a 21-year-old, so the early sixties are the costliest years to land just over the line. General information, not tax advice — confirm with your CPA based on your specific entity structure.

Illinois this year

This is only the second open enrollment on Get Covered Illinois, which took over from HealthCare.gov for 2026 and sets its own 2027 deadlines. Returning enrollees should sign in there, not on the federal site. Rates are final, averaging roughly 14 percent, close to the national figure, and six insurers filed. Some sell only in part of the state, so an early-retired couple in Naperville may see a different lineup than one in Peoria or Springfield. Age pricing makes the early sixties the costliest years before 65, and earning a little more than the subsidy line means paying every dollar of the premium.

Leaving a job in Illinois? Illinois requires insured group plans to offer up to 12 months of continuation after three months of coverage, and gives divorced or widowed spouses up to two years. Federal COBRA normally lasts 18 months, so it rarely covers the whole stretch to 65 on its own.

One thing to do before you choose

Illinois lets people leaving a job remain on an insured group policy up to 12 months, as long as they were covered for three months first. Newly retired? Compare whatever time remains against a Get Covered Illinois plan or a private option. Also update your expected 2027 income on the state exchange, since that is now where Illinois residents report changes, and a smaller withdrawal plan could shift your subsidy.

Your checklist

• Which accounts you will draw from in 2027
• Networks where you live, in and outside Illinois
• Your prescriptions on each drug list
• The month you turn 65

Private plan or Marketplace?

About your broker

Frank Caballero (NPN 21032307), licensed in 31 states including Illinois. Phone or video, English or Spanish, no fee; independent, not HealthCare.gov or any government agency.

Official sources: Get Covered Illinois, Illinois's state exchange. FC Insurance Solutions is an independent, licensed brokerage and is not affiliated with any government agency.

Written by Frank Caballero, licensed health insurance broker in Illinois and 30 other states, NPN 21032307. Last updated November 3, 2026.