The American Rescue Plan Act and how it affects you.

Tue, 30 Mar 2021 16:37:48 GMT

T he American Rescue Plan and you. And more importantly... How it affects your insurance.

Maybe you have heard of the recent Covid19 Relief legislation signed into law this march, maybe you haven’t. But the biggest thing you should know... is just how many people it effects… and newsflash? It is A LOT!!

What is it?

In Short, “ the American Rescue Plan Act (ARPA) extends eligibility for ACA health insurance subsidies to people buying their own health coverage on the marketplace who have incomes over 400% of the poverty level and increases the amount of financial assistance for people at lower incomes who were already eligible under the ACA. These provisions are Temporary, expiring after 2 years and will be retroactive back to January 1st, 2021. ” -Kaiser Family Foundation

Here are the key points for you to know.

The American Rescue Plan Act affects nearly everyone, in a major money sort of way. Give us a call to get on our schedule starting April 1 ^st , we will have until August 15 ^th to refigure the tax credits.

Enroll Link: https://www.healthsherpa.com/?_agent_id=holly-conley

Schedule: https://www.insurance-now.com/contact

Sources:

American Rescue Plan: https://www.congress.gov/bill/117th-congress/house-bill/1319/text

CMS Fact Sheet: https://www.cms.gov/newsroom/fact-sheets/american-rescue-plan-and-marketplace

Health Sherpa’s 'The American Rescue Plan expands subsidies, makes ACA health insurance cheaper for most Americans': https://blog.healthsherpa.com/american-rescue-plan-health-insurance-subsidies/

KFF’s 'How the American Rescue Plan Act Affects Subsidies for Marketplace Shoppers and People Who Are Uninsured': https://www.kff.org/health-reform/issue-brief/how-the-american-rescue-plan-act-affects-subsidies-for-marketplace-shoppers-and-people-who-are-uninsured/

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The American Rescue Plan Act and how it affects you.

T he American Rescue Plan and you. And more importantly... How it affects your insurance.

Here are the key points for you to know.