Health Payer Intelligence May 7, 2021
For new enrollees who qualify for Affordable Care Act premium tax credits on HealthCare.gov, premiums could be much lower and out-of-pocket healthcare spending may decrease as well.
HHS announced that the federal health insurance market, HealthCare.gov, has gained nearly 940,000 new enrollees as a result of the Affordable Care Act premium tax credits and the special enrollment period.
“Families and individuals are signing up for high-quality insurance that the American Rescue Plan made more affordable,” said HHS Secretary Becerra.
The boost in tax credits from the American Rescue Plan Act lowered new enrollees’ monthly premiums by more than 25 percent. Premiums were $117 per month in mid-February when the special enrollment period started and before the Act passed in Congress...
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