HHS: American Rescue Plan – Reduces Health Care Costs, Expands Access to Insurance Coverage and Addresses Health Care Disparities
* It's Working: After the
* More Affordable Options are Available: Many people who enroll in health coverage through HealthCare.gov will qualify to save money on their premiums. Premiums after advance payment of these increased tax credits will decrease, on average, by
* Making it Easier for Consumers: Starting on
The American Rescue Plan:
Reduces the cost of health care coverage for 9 million consumers currently receiving financial assistance by ensuring consumers eligible for premium tax credits have at least a couple plans to choose from that won't cost more than 8.5% of their household income on their Marketplace plan premium per year.
* Many premiums will decrease, on average, by
* Four out of five enrollees (up from 69% pre-ARP) will be able find a plan for
* 1 out of 4 enrollees on Heathcare.gov will be able to upgrade to a higher plan category that offers better out of pocket costs at the same or lower premium compared to what they're paying today (excludes enrollees already at the highest health plan category available, including certain enrollees eligible for cost sharing reductions).
* For example:
* Uninsured couples earning over
* A family of four making
* An individual making
Expands the number of people eligible to save money on their health care coverage.
About 14.9 million Americans who currently lack health insurance will be able to save money on their premiums to find the coverage they need at a price they can afford:
* 3.6 million uninsured people are estimated to be newly eligible for health care coverage savings.(See state level data in table 1)
* 1.8 million uninsured people are estimated to be eligible for zero-dollar benchmark Marketplace coverage, since PTC-eligible individuals with incomes below 150% of the FPL will now qualify for a 100% premium subsidy for the benchmark Marketplace plan. (See state level data in table 1.) Millions more are eligible for zero-dollar coverage for non-benchmark plans.
* An additional 9.5 million uninsured people with incomes between 150% and 400% of the FPL are estimated to potentially qualify for additional financial support to reduce out-of-pocket costs for Marketplace premiums.
Addresses racial health inequities by expanding coverage and reducing costs. Increased affordability and health insurance coverage expansion will allow historically uninsured communities - especially those who have faced significant health disparities - to access coverage, thereby improving opportunities for health care during and beyond the COVID-19 pandemic.
* The COVID-19 pandemic has exacerbated stark health disparities among certain racial and ethnic minority populations in several areas, including infections, hospitalizations, death rates, and vaccination rates. Many of these same populations have experienced job loss or loss of health insurance coverage at disproportionally high rates.
* 48,000 uninsured
* 730,000 uninsured Latinos will be newly eligible to save money on health care coverage and 580,000 will be eligible for zero-dollar benchmark Marketplace plans.
* 360,000 uninsured Black and African Americans will be newly eligible to save money on health care coverage and328,000 will be eligible for zero-dollar benchmark Marketplace plans.
* 197,000 uninsured Asian, Native-Hawaiian and Pacific Islander will be newly eligible to save money on health care coverage, and 50,000 will be eligible for zero-dollar benchmark Marketplace plans.
* The Biden-Harris administration is further expanding access to health insurance coverage and improving access to mental health services and community-based programs that address social determinants of health.
See table here: https://www.hhs.gov/about/news/2021/03/12/fact-sheet-american-rescue-plan-reduces-health-care-costs-expands-access-insurance-coverage.html
Find more information on Estimates of the Uninsured Population in the
Download PDF version of this factsheet: https://www.hhs.gov/sites/default/files/fact-sheet-hhs-american-rescue-plan-health-insurance-coverage.pdf /*
Footnote:
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