According to information released by HHS, many purchasers on the marketplaces will see their premiums decrease, on average, by $50 per person per month and $85 per policy per month. An average of four out of five consumers currently enrolled in a plan through HealthCare.gov will be able to find a plan for $10 or less per month with the newly expanded financial assistance under the American Rescue Plan. Additionally, after advance payments of the premium tax credits, an average of three out of five uninsured adults eligible for coverage on HealthCare.gov may be able to access a zero-premium plan, and nearly three out of four may find a plan for $50 or less per month on HealthCare.gov.
Current enrollees should review their application, make any changes needed to their current information, submit their application, and select a plan, or reselect their current plan, to receive the increased advance payments of premium tax credits for 2021 Marketplace coverage. Consumers who take action in April and confirm updated savings on the plan of their choice will start receiving the savings and lower costs starting with their May 1 premiums.
The Special Enrollment Period (SEP) for Marketplace Affordable Care Act (ACA) that opened on February 15 and now continues through August 15, 2021, can be accessed, and eligible families can submit new applications or update an existing application through
www.HealthCare.gov for step-by-step guidance. Additional assistance can be found through
www.CuidadoDeSalud.gov, or people can call the Marketplace Call Center at 1-800-318-2596, which provides assistance in over 150 languages. TTY users should call 1-855-889-4325. Consumers can also find a local assister or agent/broker in their area
https://localhelp.healthcare.gov. Consumers who live in a state that operates its own marketplace platform should visit their state marketplace website or call center for more information about when these additional savings will be available through their state-based marketplace.
