CMS reports average marketplace premium savings by state under ARPA provision
More than 2.5 million people have returned to the federally facilitated health insurance marketplace since April 1 to save an average 40% ($42) on their monthly premiums, the Centers for Medicare & Medicaid Services announced today. The American Rescue Plan Act on April 1 made more people eligible for marketplace subsidies and increased the amount of the subsidies.
Over 1.5 million people selected a 2021 health plan through the federally facilitated marketplace between Feb. 15 and June 30 during the special enrollment period created in response to the COVID-19 public health emergency, with an additional 600,000 enrolling through the 15 state-based marketplaces, the Department of Health and Human Services reported last month. The SEP ends Aug. 15.
“Americans who need health coverage should act now,” said CMS Administrator Chiquita Brooks-LaSure.