Radical Insurance Agency LLC

Goodnight 2023

Here are the top 4 points you should know about how this newest COVID-19 relief bill impacts ACA enrollments:

1. Larger subsidies for 100—400% FPL. Most significantly, enrollees who are within 100 - 150% FPL are eligible for a $0 premium silver plan with substantial cost sharing reductions that lower deductibles.

2. Expanded APTC eligibility to those above 400% FPL. The new bill caps the percentage of income paid for a Marketplace benchmark silver premium to 8.5%, which makes ACA coverage significantly more affordable for enrollees who traditionally had too high of an income to qualify.

3. APTC guarantees for enrollees receiving unemployment compensation. If an enrollee is receiving unemployment compensation, they will qualify for subsidies as if their income is 133% FPL. This means these enrollees are eligible for a silver plan with a $0 premium and significant cost sharing reductions.

4. These subsidies are retroactive to January 1st, 2021.

Open enrollment for healthcare.gov has been extended to August. If you are uninsured, call me today!

Get 2021 health coverage. Health Insurance Marketplace® Official site of Affordable Care Act. Enroll now for 2021 coverage. See health coverage choices, ways to save today, how law affects you.