I have an individual insurance policy. Can I drop it during open enrollment and go into the health insurance Marketplace and qualify for premium tax credits?

Yes, having an individual policy does not disqualify you from buying coverage through a health insurance Marketplace with premium tax credits during the annual open enrollment period. As long as you meet the other eligibility criteria for premium tax credits, you will likely qualify. Even if you don’t qualify for premium tax credits, you may want to look at the coverage options in the health insurance Marketplace, to see if there is a plan that would work better for you than the one you have now. In order to avoid a gap in coverage, be sure you don’t cancel your plan before your Marketplace coverage begins. (26 C.F.R. 1.36B-2).