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What to Know About the American Rescue Plan Act

Apr 14, 2021
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What to Know About the American Rescue Plan Act

Many Members are eligible for financial help

There is good news about your health insurance coverage.  The American Rescue Plan Act recently increased the Marketplace tax credit dollars at every income level. With this new legislation, you could qualify for premium tax credits that you can use to lower your monthly insurance payment. This legislation, combined with the Open Enrollment extension through August 15, 2021, means more time for individuals and families to enroll and get financial help with Marketplace coverage.

How can you determine your eligibility?

We encourage you to visit healthoptions.org to obtain a summary of your Marketplace eligibility. Click on “Find a plan;” select ”Shop as an individual or family,” and answer a few basic questions to receive an estimate of your eligibility.

I am eligible for tax credits. What should I do?

If you are eligible for an additional or new tax credit, you must contact the Marketplace by calling (800) 318-2596 or visiting healthcare.gov.

When will my monthly insurance payments be updated?

Changes to your invoice will become effective the first day of the month after you contact the Marketplace. 

Although healthcare.gov determines eligibility for a Marketplace plan and premium tax credits, we are here to help answer any questions you may have about our plans. Please contact us at (855) 624-6463, Monday through Friday, 8 a.m. to 6 p.m. 

SEE ALSO

Spring will be here soon, and our March 8 grant application deadline will be here even sooner. 

We invite Maine nonprofits working to promote community health to apply. Preference will be given to organizations and programs focused on helping Maine people living with chronic conditions. Learn more at Community Giving.

Last year, Health Options awarded $100,000 to support community-based COVID-19 relief and support.