President Biden recently announced that he has extended the currently active special enrollment period for Affordable Care Act marketplace plans on healthcare.gov to August 15 (from a previous May 15 deadline). This is a newsworthy follow-up to a number of provisions that bolstered the ACA that were included in the recently passed American Rescue Plan Act of 2021. The new provisions that were enacted for 2021 and 2022 are: Increase subsidies (premium tax credits) for everyone under 400% of the federal poverty level (FPL) in 2021 and 2022. Eliminate the ACA subsidy cliff for those over 400% of...
[Read the rest of the story at 20somethingfinance.com]
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[Read the rest of the story at 20somethingfinance.com]