Did you miss the Annual Open Enrollment Period? In March, President Biden announced that the Centers for Medicare & Medicaid Services (CMS) is extending access to the federally mandated Special Enrollment Period (SEP) through August 15. This gives you extra time to take advantage of new savings through the American Rescue Plan Act (ARPA).
ARPA allows individual/family enrollees an additional three months to sign up or re-evaluate current coverage needs with increased tax credits available to reduce premiums. The COVID-19 Public Health Emergency, has left millions of Americans facing uncertainty and exceptional circumstances while also experiencing new health problems during the pandemic. This SEP will allow individuals and families in states with Marketplaces served by the HealthCare.gov platform to enroll in 2021 health insurance coverage and potentially take advantage of extra savings.
According to the US Department of Health & Human Services (HHS), these savings will decrease premiums for many, on average, by $50 – $85 per policy per month. On average, one out of four 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.
Contact us at 503-750-5034 or info@nwsia.com to see if you qualify for additional savings!
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