Opportunity for lower premiums with the new COVID-19 relief bill


The March 2021 COVID-19 relief legislation, the American Rescue Plan Act (ARPA), has improved affordability for millions more Americans and has opened a limited special enrollment period through August 15th. The uninsured can get coverage if they missed the last open enrollment period and for those already covered, they can reconsider their options with increased affordability and lower out of pocket costs on Silver plans.

Here are the highlights of the ARPA that are helping people now.

$0 Silver Plans for enrollees under 150% FPL with lower or $0 deductibles and reduced out-of-pocket expenses.

The income cap has been removed, now all households regardless of income have their costs capped at only 8.5% of income. This can amount to over $10,000 in savings a year for some households that were shut out of subsidies entirely before.

Larger premium subsidies for enrollees – Costs reduced from 9.6% to 8.5% or less

There are more improvements to healthcare through the ARPA that will continue to be rolled out in the coming months. They include COBRA subsidies and greater savings for anyone that has received unemployment benefits in 2021.

If you’d like to understand more about how these changes can benefit you, call us to speak with a licensed insurance advisor today. Don’t attempt to make changes on your own when free professional help is available.





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