Health Care Binders Analysts estimate that roughly 317,000 people with non-ACA-compliant coverage would switch to a more comprehensive ACA-compliant plan if they were to become newly eligible. (Photo: Shutterstock)

Affordable Care Act Marketplace enrollment would increase by 60% next year if temporary subsides under the American Rescue Plan Act became permanent, a new study found.

As the economy continues to recover from the COVID-19 pandemic and recession, the plan includes several provisions designed to expand access to affordable health insurance coverage in 2021 and 2022. One provision allows people with incomes above 400% of poverty eligibility for subsidies to purchase insurance coverage from the Marketplace. The law also increases financial assistance for people at lower incomes who were eligible under the ACA. Both provisions last for two years, retroactive to Jan. 1, 2021.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.