May 2021 Health Insurance Marketplace Special Enrollment Period Report Now Available
Healthcare.gov: May Marketplace 2021 Special Enrollment Period Report
Today,
the Centers for Medicare & Medicaid Services (CMS) released a new
report that shows that more than 1 million new and returning consumers
have health coverage through the Health Insurance Marketplace that costs
$10 or less per month after advance payments of premium tax credits
(APTC) following the April 1 implementation of the American Rescue
Plan’s (ARP) expanded APTC. Of the 1,034,624 consumers who selected a
Marketplace plan with premiums of $10 or less per month, after APTC,
687,275 were returning consumers and 347,349 were new consumers. This
means 4 in 10 (43%) new consumers and 3 in 10 (30%) returning consumers, and more than one third (34%) of all consumers have selected a plan of
$10 or less per month following the implementation of ARP expanded APTC.
The ARP’s expanded premium tax credits have reduced premiums, increased
savings, and given consumers access to quality, affordable health care
coverage through the Health Insurance Marketplace®.1
“Having
access to quality, affordable health coverage gives Americans peace of
mind when they need to seek care,” said HHS Secretary Xavier Becerra.
“Thanks to the Biden-Harris administration’s Special Enrollment Period
and expanded premium tax credits from the American Rescue Plan, each
week we continue to see more Americans experience the relief and
security that comes with affordable, quality health coverage.”
To learn more from the full press release, visit:
https://www.hhs.gov/about/news/2021/06/14/four-ten-new-consumers-spend-10-or-less-month-healthcaregov-coverage-following-implementation-american-rescue-plan-tax-credits.html
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