Important Changes to ACA Premium Subsidies

The American Relief Plan (ARP) that was recently signed into law by President Biden will make some important changes to the calculations for healthcare premium subsidies for 2021 and 2022.  However, to take advantage in the increase in premium subsidies, you have to have a healthcare plan purchased on the exchange (healthcare.gov). There will be a special enrollment period from April 1, 2021 through May 15, 2021. 

These changes will lapse after the end of 2022, but the intention is to make them permanent.  These changes make vast improvements to the ACA (Obamacare) premium subsidies.  Please click here to review a link to an article, which provides additional details.