Just Released - New Health Insurance Benefit for Unemployment Beneficiaries
INCREASED SUBSIDIES AVAILABLE FOR YOUR MARKETPLACE PLAN
Can I change my plan and coverage?
Yes. During this SEP (Special Enrollment Period) February 15 – May 15, 2021, you may do so. Many people will benefit from a Silver plan with copays and lower deductibles than a current Bronze plan. IMPORTANT – Plan change will reset your deductible and copays paid back to zero. If you have had medical expenses during the first part of the year, we need to look closely at this.
NEW – Subsidies available for folks beyond the "Income Cap"
Previously, individuals and families that made above specific income were not eligible for subsidies. That “Income Cap" has been removed for 2021 & 2022.
If your income is greater than 400% of Federal Poverty Line - $51,000 single, $68,000 couple, $104,000 family of 4 – you may qualify for subsidy.
Examples: Single person in mid thirties with $60,000 may now receive a subsidy of $240 monthly. Married Couple in early fifties with income of $85,000 may now receive a subsidy of $1,300 monthly.
Major Changes and Opportunities
As has been said “Elections have consequences". We are your trusted and experienced agents and advisors. With the passage of the American Rescue Plan, we have the opportunity to help bring the benefits of these major changes to you.
We appreciate the opportunity to work with you. We welcome the opportunity to help your friends, family and business associates with their insurance needs too!
For Detailed information – please click:
ARP FACTS – CMS
ARP 2020 Excess Premium Subsidy
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or call 1.800.Medicare to get information on all of your options.”
Trout Insurance is an independent authorized agency licensed to sell and promote products from Blue Cross and Blue Shield of North Carolina (Blue Cross NC). The content contained in this site is maintained by Trout Insurance. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association. ®, SM Registered marks of the Blue Cross and Blue Shield Association.”