Good Morning, Brooklyn: Friday, August 20, 2021
MORE HEALTH MARKETPLACE SAVINGS: Families with healthcare plans purchased through the Health Insurance Marketplace could see, on average, $6,900 in healthcare savings as a result of the American Rescue Plan passed by Congressional Democrats, which President Joe Biden signed into law. Rep. Carolyn B. Maloney (D-N.Y.), chairwoman of the Committee on Oversight and Reform, has released a new report that highlights the enhanced tax credits in the landmark legislation and estimates that 30,000 New Yorkers who already purchase their health insurance through the state marketplace, New York State of Health, could stand to benefit. Moreover, another 15,000 district residents who are currently uninsured can now enroll in a marketplace plan for less than $10 per month in premiums.
New Yorkers in the district who were previously ineligible to receive tax credits but now qualify under the American Rescue Plan will also benefit. Their savings could be substantial, especially for older adults, who have historically paid the highest premiums.
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