We’re in the last few days of the six-month Special Enrollment Period (SEP). During the SEP, which was announced shortly after President Biden took office, consumers have had an opportunity to sign up for health coverage and, for those who qualify, take advantage of the enhanced premium tax credits under the American Rescue Plan Act. The SEP was set to end May 15, but CMS announced in March that it was being extended to the middle of August.
The goal of the SEP was to get more people insured, and it seems to have worked. On July 14, “the Centers for Medicare & Medicaid Services (CMS) released new enrollment reports showing more than two million people have signed up for health coverage during the Biden-Harris Administration’s 2021 Special Enrollment Period (SEP).” And it’s not over yet. There are still a few days left to get prospects enrolled. After that, they’ll need to wait until the annual open enrollment period, which begins November 1.
The three testimonials “feature stories of individuals who have found real savings on HealthCare.gov” and include an individual who found a zero-dollar premium plan, a recently-married couple hoping to start a family, and a business owner who pays less than $10 per month after the premium tax credit.
- right now – if someone received unemployment compensation for even one week in 2021 – they can get the maximum assistance possible at HealthCare.gov for the rest of the year. This means people who got unemployment are likely to find a plan for $0 a month and have very low deductibles and copays.”
- And if a tax filer in the household received unemployment compensation, then the whole household may be eligible for a tax credit that covers the entire premium cost for the benchmark Marketplace silver plan—regardless of the household’s actual income amount. This includes households that, in the past, have not qualified for APTC due to income below 100% of the federal poverty line in states that did not expand Medicaid.
call me for your Prices: Elaine Saccente 704-891-2274