American Rescue Plan Act - Individual & Family Subsidy Changes

The American Rescue Plan Act, signed into law on March 11, 2021, provides additional aid to individuals and their families for health insurance coverage.

Effective April 1, 2021, you may be eligible for a larger Premium Tax Credit (subsidy) amount or newly eligible if you didn’t qualify before because of your income level.

Subsidies are only available on the Health Insurance Marketplace, and the changes are not automatic. You must sign in to your healthcare.gov account, and reselect your current plan or choose a new plan for the changes to take effect and potentially reduce your premiums for the remainder of the year. If you have already paid a high amount out of pocket toward your deductible, you may want to consider reselecting your current plan over choosing a new one.

There is currently a Special Enrollment period that has been extended to August 15 to ensure all eligible members have time to take advantage of the new regulations.

Learn More About the American Rescue Plan Act

Please contact an OptimaFit® Plan Advisor at 1-844-206-3208 or your broker if you have questions.