Get the Most Out of Your ACA Insurance with the American Rescue Plan

Many people wonder how to take advantage of the health insurance savings offered by the American Rescue Plan (ARP). If you’re one of them, read on to learn about this important new program and how it can help you save money on your health insurance.

The American Rescue Plan

The ARP is a $1.9 trillion economic stimulus package that was passed by Congress in March 2021. The law includes a number of provisions designed to help Americans afford health insurance, including:

Expanded subsidies for ACA health insurance plans
Increased funding for Medicaid
New tax credits for small businesses that offer health insurance to their employees

Expanded ACA Subsidies

One of the most important provisions of the ARP is the expansion of subsidies for ACA health insurance plans. These subsidies are available to people who purchase health insurance through the Health Insurance Marketplace. Under the ARP, more people are eligible for subsidies, and the amount of the subsidies has been increased.

Increased Medicaid Funding

The ARP also increases funding for Medicaid. Medicaid is a health insurance program for low-income Americans. The increase in funding will help states to expand Medicaid eligibility and provide more comprehensive benefits to enrollees.

New Tax Credits for Small Businesses

The ARP also includes new tax credits for small businesses that offer health insurance to their employees. These tax credits can help small businesses to make health insurance more affordable for their employees.

How to Get Help

If you’re not sure if you qualify for the ARP health insurance savings, or if you need help enrolling in a plan, you can contact a licensed health insurance agent. Agents can help you compare plans and find the one that’s right for you.

You can also get help enrolling in a plan through the Health Insurance Marketplace. The Marketplace is a website where you can compare plans and enroll in a plan that meets your needs.

Conclusion

The American Rescue Plan is a significant piece of legislation that will help millions of Americans afford health insurance. If you’re looking for ways to save money on your health insurance, the ARP may be able to help. Contact a licensed health insurance agent or visit the Health Insurance Marketplace to learn more.