top of page

How the American Rescue Plan Will Impact Your ACA Health Plan

The American Rescue Plan was signed into law by President Biden last week on March 11, 2021. This bill will extend unemployment benefits, direct payments to eligible individuals/families and increase subsidy levels, among other items.

Though more information is to come, we wanted to provide an update on how this bill will impact ACA health insurance plans. The bill increases subsidies for those who buy coverage through the ACA Marketplace and removes the 400% federal poverty cap (which is equal to approximately $51,000 for an individual). On average, premiums after these new savings will decrease by $50 per person per month or by $85 per policy per month. The law will lower premiums for current or new enrollees starting on April 1, 2021.


What do I need to do? will not automatically update accounts, so contact our Individual Client Advisor (Mackenzie) and she will re-select your marketplace plan in order to reduce your premiums for the remainder of the year. If you're not happy with your current plan, she can also make a plan change due to the COVID Special Enrollment Period.

What will my new premium be?

We won't know your new premium until after April 1, 2021.

What if I don't update my application?

If you don't do anything to your application, you will receive the additional premium tax credit in 2022 when you reconcile your 2021 taxes.

What if I don't receive a subsidy through

Please contact us to see if you're now eligible to receive a subsidy.

For more information, please contact us at (920) 215-4995 or email

Additional information by can be found by clicking here.

66 views0 comments


bottom of page