Starting April 1, 2021, head over to https://www.healthcare.gov/ to see if you can save on your health insurance as part of the American Rescue Plan Act of 2021.
As part of the latest stimulus bill, Congress is attempting to make health insurance more affordable. Regardless if you have health insurance through the Marketplace, there will be a special enrollment period for you to change plans or get a new one.
The main changes to Marketplace coverage are:
- More people than ever before will qualify for help paying for health coverage, even those who were not eligible in the past.
- Most people currently enrolled in a Marketplace plan may qualify for more tax credits.
- Health insurance premiums after these new savings will go down.
By going to the Marketplace, you can either qualify for additional subsidies on your current plan or enroll in a new plan taking advantage of these additional subsidies. Many people whose income was too high in prior years to qualify for a Marketplace subsidy will now be able to qualify as well.
We suggest visiting https://www.healthcare.gov/more-savings/ to learn more about your specific situation. You have through August 15 to enroll in or change your Health Insurance Marketplace®. We encourage you to reach out to your YHB team member with questions.
All of the information above is current as of March 31st at 11:00am EST. We could see additional guidance in the coming months.