MADISON — Today, Centers for Medicare and Medicaid Services announced that over 8,000 Wisconsinites have enrolled in health insurance coverage during the first six weeks of the Special Enrollment Period. President Biden announced this new chance to get enrolled back in February and recently extended the period until August 15th.
“Thanks to this new enrollment period, thousands more people have been able to access high quality coverage on the federal marketplace – and right now, getting covered is more affordable than ever,” said Commissioner Afable.
The enactment of the American Rescue Plan (ARP) has expanded access to health insurance coverage by lowering costs for consumers on the federal marketplace. With ARP in place, premiums will decrease, on average, by $50 per person per month and $85 per policy per month nationwide. According to the US Department of Health and Human Services, four out of five enrollees will now be able to find a plan for $10 or less per month after tax credits, and over 50% will be able to find a Silver plan for $10 or less per month.
Both new and existing enrollees can benefit from these changes. Existing enrollees can simply update and resubmit their application to see if they qualify for the new subsidies. If no action is taken, existing enrollees will still see the savings when they file their 2021 taxes.
“ARP has made it more affordable for everyone to access the health care coverage their family needs,” continued Commissioner Afable, “Your opportunity to get enrolled ends in August, so check out Healthcare.gov today to find out what savings are available for you.”
Wisconsinites that are currently uninsured, already signed up for coverage through Healthcare.gov, or eligible for COBRA coverage from a former employer, may all benefit from the new financial assistance that is now available. People looking to get enrolled or change their current plan are encouraged to visit Wiscovered.com or call 2-1-1 to get free, expert help. These services are available in English, Spanish, and Hmong.