BALDWIN, Michigan – Don't miss your opportunity to save on your Marketplace insurance through HealthCare.gov.
What you need to know
The COVID-19 Special Enrollment Period has been extended to August 15, 2021. It was established to ensure uninsured people have the ability to enroll in health care coverage.
Beginning April 1, 2021, new subsidies will be provided to reduce the cost of premiums for everyone, including current or newly enrolled beneficiaries. These reductions ARE NOT AUTOMATIC for those currently enrolled. To take advantage of these significant savings, you must log in to your HealthCare.gov account and update your 2021 application. You can do this by selecting "Report a life change." You'll then select the "change to my household's income" option even if there has been no income change. If you do not update your application now, you will receive the tax credits at the end of the year when you file your income tax return.
Family Health Care (FHC) has trained staff who are up to date on these new laws and are available to answer your questions or assist you with your enrollment or changes to your HealthCare.gov account.
During this Special Enrollment Period, you may also choose a different health care plan. Before deciding to do so, you should consider how much you have already paid toward your deductible and out-of-pocket maximum. Changing plans may reset these numbers to zero paid.
Also, beginning April 1, 2021, tax credits will now be available to anyone earning over 400% of the Federal Poverty Level.
It's important to remember you are not allowed to enroll in Marketplace coverage through HealthCare.gov if you qualify for other insurances like Medicaid or Medicare or if your employer offers affordable coverage that meets the Affordable Care Act requirements.
New subsidies will become available in early July for those who have received unemployment benefits anytime during 2021.
Family Health Care will provide updates as the implementation of this new policy nears.
For assistance or questions, find an office near you by visiting familyhealthcare.org