Florida Blue Obamacare: Lowering Monthly Premiums by $50
Biden’s initiative to lower monthly premiums by $50 is a great move for those who get their health insurance through the Affordable Care Act (ACA). If you’re currently enrolled in a Florida Blue plan through Obamacare, you may be wondering if you qualify for this reduction.
How to Apply for the Reduction
To apply for the premium reduction, you will need to contact your insurance agent. They will be able to help you determine if you qualify and assist you with the application process.
Who Qualifies for the Reduction?
The premium reduction is available to individuals and families who meet certain income requirements. For 2024, the income limits are as follows:
Individuals: Up to $58,000
Families of four: Up to $120,000
If your income is below these limits, you may be eligible for the premium reduction.
What to Expect
If you qualify for the premium reduction, you will see a decrease in your monthly premiums. The amount of the reduction will vary depending on your income and the plan you have.
Need to Know
The premium reduction is expected to take effect sometime between April 1 and May/June.
The reduction will be applied retroactively to the beginning of the year.
You will receive a refund for any premiums you paid over the amount of the reduced premium.
This is a great opportunity to save money on your health insurance. If you think you may qualify for the premium reduction, contact your insurance agent today to learn more.
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