Today, CMSGov released a report showing that more than 1 million new & returning consumers have health coverage costing $10 or less per month, due to the American Rescue Plan ACA tax credits.
coverage through the Health Insurance Marketplace that costs $10 or less per month after advance payments of premium tax credits following the April 1 implementation of the American Rescue Plan’s expanded APTC. Of the 1,034,624 consumers who selected a Marketplace plan with premiums of $10 or less per month, after APTC, 687,275 were returning consumers and 347,349 were new consumers.
For the first time, the SEP report includes comprehensive demographic data related to gender, race, and ethnicity for consumers who have signed up during this SEP. The newly included demographic data in the SEP report show that among enrollees who reported a race, 15% were Black compared to an average of about 11% in a similar window in prior years. Among those who reported ethnicity, 18% were Hispanic compared to an average of about 16% in prior years.
"Every American deserves access to high-quality, low-cost health insurance," said CMS Administrator Chiquita Brooks-LaSure."The Biden-Harris Administration’s Special Enrollment Period and the American Rescue Plan give the American people a chance to find a quality health care plan that works for them, with costs at an all-time low for millions of Americans. I encourage consumers to visit HealthCare.gov and apply to enroll in a plan before the deadline on August 15.
For consumers new to the Marketplace selecting plans through the SEP, the average monthly premium after APTC fell 26%, from $117 for those enrolling in February and March to $87 for those enrolling in April and May. The ARP also helped to lower out-of-pocket costs for new consumers by making plans with less cost-sharing more affordable after the ARP’s expanded premium tax credits.
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