Should it pass, the proposed Act would extend the expanded Affordable Care Act (ACA) program through 2025, so that eligible individuals and families who purchase their health insurance through the federal Health Insurance Marketplace could continue to benefit from lower health care premiums.
Eligibility for the ACA premium tax credit program was temporarily expanded during the pandemic to allow more individuals and families to claim the refundable tax credit for 2021 and 2022.
Ah, temporarily! How are they going to get out of temporary in 2025?
What individuals actually paid was much lower; 94% of enrollees (in an ACA plan) qualified for a subsidy, and we helped them access, on average, over $600 per month in savings, bringing the median net premium down to just $47/month. In fact, almost 20% of HealthSherpa enrollees found fully subsidized $0 plans!https://blog.healthsherpa.com/open-enrollment-2020-in-review?