American Rescue Plan Legislation Expands Access to Health Care Coverage under the Affordable Care Act
Under the recently passed American Rescue Plan, many people who buy their own health insurance directly through the Health Insurance Marketplace will become eligible to receive increased tax credits to reduce their premiums. Starting April 1, 2021, consumers enrolling in Marketplace coverage through HealthCare.gov will be able to take advantage of these increased savings and lower costs.
Additionally, beginning in early July on HealthCare.gov, consumers who have received or have been determined eligible to receive unemployment compensation for any week during 2021 may be able to get another increase in savings when enrolling in new Marketplace coverage or updating their existing Marketplace application and enrollment.
Additional information on the American Rescue Plan and special enrollment period is available by accessing resources here: https://www.cms.gov/newsroom/fact-sheets/american-rescue-plan-and-marketplace. Consumers served by state-based Marketplaces that do not use the HealthCare.gov platform can check their state’s website to find out more information on the American Rescue Plan implementation and special enrollment periods in their state.