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March 12, 2021
Read Carefully, all what you need to know about the American Rescue plan and Health Insurance
On March 11, President Biden signed the American Rescue Plan with immediate impacts on Marketplace. The law extends many COVID-19 relief programs already in place and includes provisions impacting Marketplace.
View ACA Health Insurance Plans with Subsidies Applied
Two sections of the new law impact current and prospective Marketplace members:
Income Range (% of Federal Poverty Level) | Range of Max. Income Contribution (%) | |
Current Law | American Rescue Plan | |
100-133 | 2.07 | 0 |
133-135 | 3.10-4.14 | 0 |
150-200 | 4.14-6.52 | 0-2 |
200-250 | 6.52-8.33 | 2-4 |
250-300 | 8.33-9.83 | 4-6 |
300-400 | 9.83 | 6 -8.5 |
400+ | No Subsidy | 8.5 |
View ACA Health Insurance Plans with Subsidies Applied
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COBRA Coverage:
The final bill covers 100% of COBRA costs for people who have lost employer-sponsored coverage, starting on April 1, 2021 and ending on September 30, 2021.
A few Important Points:
What if I underestimated my income in 2020?
People who underestimated their income in 2020 won’t have to pay back APTC when they file their axes. This is a one time deal!!
Pregnancy and Medicaid Continuity?
Generally, pregnancy Medicaid continues for 60 days after birth, but now it will extend a full 12 months. Thus will stick around for 7 years!
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