If you didn’t qualify for a subsidy, you might now

By Kathy Carvin, HealthMarkets Insurance Agent

The American Rescue Plan Act may help people obtain additional subsidies to help lower their health insurance premium costs. For about 80% of Americans, that means plans for $10 or less after subsidies will be possible.

In order to take advantage of this opportunity, your application for coverage will need to be updated, anytime until Sunday, August 15. Existing enrollees can change their plans before that date, and those without coverage can enroll.

People who make 400 percent of the federal poverty level, about $100,000 for a family of four, will become eligible for financial assistance for the first time.

This remarkable opportunity means that in past years if you didn’t qualify for a subsidy, you might now—and it could be significant. And if previously enrolling in an ACA plan didn’t make sense for you and your family, the available subsidies could make it more attractive to enroll.

The best way to find out if changing your plan or enrolling in an ACA plan is right for you is to give me a call for a no-cost review. I can also help you determine how the subsidy change could be of benefit.

Now may be a good time to take advantage of the expanded enrollment opportunity and subsidy assistance to see if there’s a better option to suit your needs.

Kathy Carvin, a licensed insurance agent with HealthMarkets Insurance Agency, has offices at 10512 Northfield Road, in Northfield, and 28881 Lorain Road, in North Olmsted. She serves all of Northeast Ohio including Lake County. Schedule a time to meet with her in the office, your home, or via video chat, 216-375-5902.

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. 47369-HM-0421