The Impact of Trump-Era Changes on CSR and Tax Credits Under the ACA

The Affordable Care Act (ACA) has been a topic of much debate since its inception. One of the key provisions of the ACA is the establishment of health insurance exchanges, which allow individuals and small businesses to purchase health insurance. However, the Trump administration made several changes to the ACA, including cutting off funding for cost-sharing reductions (CSRs) and changing the way tax credits are calculated.

Cost-Sharing Reductions (CSRs)

CSRs are subsidies that help low-income individuals and families afford the out-of-pocket costs of health insurance, such as deductibles, copayments, and coinsurance. The Trump administration cut off funding for CSRs in 2017, which has led to higher premiums for many people.

Tax Credits

Tax credits are another form of financial assistance that helps people afford health insurance. The Trump administration changed the way tax credits are calculated, which has also led to higher premiums for many people.

These changes have made it more difficult for many people to afford health insurance. As a result, the number of uninsured people in the United States has increased.

What can you do if you are struggling to afford health insurance?

If you are struggling to afford health insurance, there are several things you can do.

Contact a licensed health insurance agent to discuss your options. An experienced agent will be familiar with the changes to the ACA and can help you find the best plan for your needs and budget.
Appeal to your insurance company via a written case and evidence to have your file reviewed for potential coverage and premium reduction.
Apply for Medicaid or CHIP. Medicaid is a government program that provides health insurance to low-income individuals and families. CHIP is a government program that provides health insurance to children.
Look for a job that offers health insurance. Many employers offer health insurance as a benefit to their employees.

If you are uninsured, it is important to do something to get coverage. Health insurance can help you protect yourself from the high cost of medical care.

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