Under the American Rescue Plan signed into law by President Biden earlier this year, people who buy their health insurance from the Healthcare.gov Marketplace are eligible to receive increased tax credits towards their health insurance beginning April 1st, 2021 as a response to the ongoing COVID-19 and 21 Pandemic!
If you have received any unemployment compensation through the year of 2021 or were eligible to receive it, you will also be able to access another increase in savings starting July 16th going through August 15th! If you enrolled through a state-based marketplace should check your state’s website or talk to their insurance agent to find out about if and how the American Rescue Plan will be implemented in their state—and when that state’s enrollment period will be!
If you are unhappy with your coverage so far through the year of 2021 this can be your opportunity to change your coverage! This can also be an opportunity to help save some money during these unsure times in a pandemic! Don’t hesitate to ask your insurance agent for help, and hurry before time runs out!