Marylanders set to get extra help paying for health insurance
Tucked into the massive pandemic relief bill just passed by
The legislation, which provides
Lawmakers and observers say this is the biggest expansion of the Affordable Care Act, known as Obamacare, since it was enacted in 2010.
“Most people will get something,” said
“For the last four years we’ve been trying to dodge things coming at us and protect what we have,” she said. “Now it’s a bit of whiplash because we have this new American Rescue Plan Act and it has wonderful items in it to help people get insured or higher subsidies.”
The benefit may be a bit higher in
Most people will not have to do anything to get the extra benefit. Anyone who enrolled through the online portal and indicated they wanted the highest subsidy will be reviewed automatically and notified of their new premium costs.
Others in the lowest tier plans, called bronze or catastrophic plans, will have to indicate they may want to tick up to a higher level to get a bigger benefit. Most people chose those plans for the low premiums, but they also typically carry higher deductibles.
Other consumers who bought plans directly from an insurance company —
To get that benefit, however, those consumers will have to sign up through the state exchange. Eberle said all of the insurers indicated they would allow any plan holder who contacts them to switch to the exchange to tap the benefit.
In all, there are about 30,000 people who buy individual plans directly from insurers and about 162,000 people who buy them on the exchange, and the majority are likely to see benefits.
The federal relief bill also provided states extra incentive to expand their Medicaid programs, which is the federal-state health insurance program for low-income residents, and allows woman to remain on Medicaid for a year after giving birth.
Another insurance provision in the federal relief bill covers premiums for people who use the federal program known as COBRA to continue their employer coverage after they leave their job.
In
In recent years, state lawmakers also have moved to shore up the exchange by replacing a federal program that had helped insurance companies pay for their most expensive beneficiaries. And the legislature also passed a program that allows residents to check a box on their tax forms to get information about health insurance.
Consumer advocates cheered the new funding as a way to help people who have been economically or personally affected by the pandemic.
“The American Rescue Plan includes major provisions to make health insurance more affordable to many Americans,” said
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