Good Morning, Brooklyn: Wednesday, April 6, 2022
‘FAMILY GLITCH’ BEING FIXED: The Biden-Harris Administration on Tuesday proposed a rule to strengthen the Affordable Care Act (ACA) by fixing the “family glitch,” which would save hundreds of thousands of families hundreds of dollars a month. Current regulations define employer-based health insurance as “affordable” if the coverage is solely for the employee, and not for family members; consequently, family members become ineligible for a premium tax credit even though they need it to afford high-quality coverage through the Marketplace.
The Treasury’s new proposed rules will remove this “family glitch,” and stipulate that family members who have to pay more than 10 percent of income for coverage will become eligible to get financial help under the ACA. As a result, 200,000 uninsured people are expected to gain coverage, and nearly a million more are expected to see lower premiums every day.
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