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Added Benefits Of The American Rescue Plan Act

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Nevada Insurance Enrollment Answers Does the American Rescue Plan Act Benefit You?

LAS VEGAS - eTradeWire -- The American Rescue Plan, which was signed into law in March of 2021, provides money to help qualifying Americans pay for their health insurance coverage. For those who enrolled in a plan through Nevada Health Link, health insurance premiums may go down. Those who were ineligible for financial help in the past due to being above the income limits may now qualify for reduced monthly payments. We are discovering that many, many, Nevadan's are now qualifying for Government subsidies as opposed to past 7.5 years where they made too much to qualify and their income was over 400% of the Federal Poverty Level.  All this has now changed and many Nevadan's are now qualifying, and many qualify with hundreds of dollars of assistance each month!!!

What Is the American Rescue Plan Act?

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The American Rescue Plan Act provided direct relief to working Americans to help the country recover from the economic effects of COVID-19. It included a wide range of benefits for the individuals who met the income qualifications, including direct checks, extended unemployment insurance and support for small businesses.

What Are the Health Care Benefits in the American Rescue Plan Act?
In addition to direct payments and extended unemployment benefits, the American Rescue Plan included benefits that made health insurance more accessible in the form of subsidies and tax credits. Even if your income made you ineligible for subsidies last year, you may qualify for a subsidy under the plan. This cuts down on how much Nevadans pay for their health insurance, letting them put their money towards other living expenses. The plan also provided federal subsidies that paid 100% of COBRA for a limited time. If you lost your job during 2020-2021 and qualified for unemployment, you may also be able to sign up for $0 premium plans.

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This aid is not permanent, but it provides assistance for 2021 and 2022, which is expected to give most Americans the time they need to financially recover from cut hours, lost jobs and other expenses that they incurred during the pandemic.

Read the full article: https://www.nevadainsuranceenrollment.com/added-benefits-american-rescue-plan-act/
Learn more: https://www.nevadainsuranceenrollment.com/individual-family-health-insurance/
Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment

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