Special Enrollment Period (SEP) Extended to Aug. 15, 2021
Uninsured, ON AND OFF Exchange Health Insurance policy owners
Are premiums too expensive?
On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA) into law. This $1.9 trillion COVID-19 response and economic stimulus package contains several interest provisions to the health care industry. Read on for more details:
OFF-Exchange Marketplace: Not eligible for Federal Tax Credit in 2020; you might qualify now!
Your income may now quality for Federal Assistance to decrease your Health Insurance Premiums during the Special Election Period (SEP) until August 15, 2021.
ON-Exchange Marketplace: Excellent time to re-verify your eligibility; you might be entitled to more Federal assistance.
If you already receive a subsidy, it’s possible for a more significant reduction under the ARPA.
Federal Tax Credit estimator: Note that consumers applying for Marketplace plans can take advantage of tax credit changes from April 1 until August 15, 2021.
Contact us to check your eligibility for the new Federal Assistance Guidelines.
Source: Blue Cross Blue Shield of Illinois 2021
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