Health insurance plans have the opportunity to reduces their insurance premium costs
By Bernie Davidson, HealthMarkets Insurance Agency
With the introduction of the American Rescue Plan Act of 2021, individuals and families that currently participate in the Affordable Care Act (ACA) health insurance plans have the opportunity to reduces their insurance premium costs.
About 80% of Americans could find costs as low as $10/month after the credit for subsidies.* Some people on Silver Plans may even see their costs reduced to zero dollars a month.** And anyone who has been on unemployment in 2021 will be able to get credit for the highest allowable subsidy possible, regardless of income during the year. Even people on COBRA who qualify could see savings with the cost of their insurance covered by the government through September.
But these subsidies and savings are not automatic. Just a quick phone call to me to review your current coverage and you can find out if there could be healthcare savings in your immediate future. And always, my guidance is free of charge.
The deadline to implement these savings is Sunday, August 15, but the sooner you take advantage, the sooner you can see your savings.
To schedule an in-person appointment with Bernie Davidson, call him directly at 216-798-1140. Bernie will meet with you wherever you’re comfortable, including Zoom. His office is at 8225 Brecksville Road, in Brecksville. *Source: TheHill.com.
HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and the District of Columbia. Not all agents are licensed to sell all products. Service and product availability varies by state. Agents may be compensated based on enrollment. No obligation to enroll.
*1 Those with incomes between 100% and 150% of the federal poverty level (FPL) may qualify for a zero-dollar premium silver plan (after tax credits). They may also qualify for a zero-dollar premium bronze plan (after tax credits). Current enrollees will be able to change to any available plan in their area without restriction to the same level of coverage as their current plan. *2 (Title) Premium subsidies vary by address and subject to eligibility. Cost sharing (deductibles and coinsurance) may be higher. 47623-HM-0621