📣🎉 THREAD: Now that the #AmRescuePlan is official, how much will YOU save w/the expanded #ACA subsidies? 1/ acasignups.net/21/03/14/new-h…
📣 Under the #AmRescuePlan, #ACA enrollees who ALREADY receive financial subsidies will see *extra* savings of up to $3,000/year or more on avg....
...and enrollees who AREN'T currently eligible for subsidies would see savings of up to $17,000/year or more. That's not a typo. 2/
...and enrollees who AREN'T currently eligible for subsidies would see savings of up to $17,000/year or more. That's not a typo. 2/
📣 Expanded #ACA subsidies under the #AmRescuePlan are *retroactive* to the beginning of 2021, which means *current* enrollees will receive the extra subsidies dating back to Jan 1! They may be applied to future premiums *or* as part of a tax refund next year. 3/
📣 So how much (or how much more) will YOU save? Well, it depends where you live, your household makeup & household income, but here's several examples based on *average* 2021 benchmark Silver premiums nationally. Again, your savings could vary widely. 4/
A single 26-yr old would save up to $1,500/year...and if they earn less than $19,000, they'd pay *nothing* in premiums for a Silver plan. 5/
A single 50-yr old would save up to $270/month or over $3,200/year. They'd go from paying as much as 14.8% of their income to no more than 8.5% (and far less than that at lower income levels). 6/
A family of four (40-yr old couple w/2 young children) would save up to $610/month or over $7,300/year. The key thing to remember is that *MIDDLE CLASS* households would be eligible for #ACA subsidies *FOR THE FIRST TIME!* 7/
This one will blow your mind: A 60-yr old couple could go from having to pay up to 33% of their annual income on premiums down to just 8.5%...saving them as much as $17,000/year or more. 8/
📣 I've mostly focused on those who earn too much to qualify for subsidies pre-#AmRescuePlan, but those who *already* qualify will also see a boost in tax credits. Lower-income enrollees also qualify for VERY generous reductions in deductibles & co-pays via CSR Silver plans! 9/
📣 By an amazing coincidence, EVERY STATE has re-opened their #ACA exchange for people to enroll in coverage via the COVID Enrollment Period going on *right now*! Here's 10 important things to remember as you #GetCovered: 10/ acasignups.net/21/03/12/aca-e…
If you live in one of the 36 states whose #ACA exchange operates off of HealthCare.Gov, they've issued a fact sheet/FAQ with details about how getting the expanded subsidies will work & other important info: 11/
acasignups.net/21/03/12/hcgov…
acasignups.net/21/03/12/hcgov…
If you live in a state w/their own #ACA exchange, the policies & timeline may vary. It could take from a few weeks to a few months for them to update their systems & apply the expanded subsidies, but everyone WILL receive whatever they're eligible for: 12/
acasignups.net/21/03/12/let-g…
acasignups.net/21/03/12/let-g…
As an aside, if you find my healthcare analysis/ advocacy work useful (and can afford to do so), you can support it here, thanks! /END acasignups.net/donate
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