Health

American Rescue Act – Time to Enroll in a Health Insurance Plan

The establishment of the American Rescue Act is changing the landscape of North Carolina health insurance and there has never been a better time to secure a reliable health insurance plan. The American Rescue Act was created in 2021 by President Joe Biden in order to deliver immediate economic relief to families all across the United States. The pandemic has been devastating to the health and economic security of millions of Americans. 

The part of the American Rescue Act most Americans are familiar with is the third Economic Impact Payments and Child Tax Credits many received. The American Rescue Act also addresses many other aspects of economic recovery including homeowner and rental assistance, unemployment compensation, more emergency state funding relief, and most important to us here at Carolina Insurance Professionals, additional tax credits and lower premiums for health insurance.

What Does This Mean for North Carolina Residents?

North Carolina residents may be able to get more savings and lower their health insurance costs on Marketplace health insurance coverage because of the 2021 American Rescue Plan Act. This new law enacted by the Biden-Harris administration is opening the door for more Americans to secure health insurance. In fact, four in ten new enrollees spend $10 or less per month on health insurance coverage since the implementation of the American Rescue tax-credits. Give us a call at (919) 285-4732 to see how low your new monthly premium can be.

With the American Rescue Plan:

  • More North Carolinians than ever will qualify for help in paying for health coverage. The income requirements have changed significantly and it is critical that you consult with a trusted health insurance Agent to review those salary requirements.
  • Most people currently enrolled in a Marketplace plan may qualify for more tax-credits to offset health insurance premiums
  • If you receive unemployment compensation, you may be eligible for additional benefits. 

The first step is seeing if you qualify for savings through the Marketplace for health insurance, Healthcare.gov. Our licensed health insurance agents can help you through the qualification process. If you already have coverage, it is possible that you may qualify for additional benefits and savings. Additionally, if you have lost your job due to the pandemic, you may likely qualify for additional savings. According to the Centers for Medicare & Medicaid Services (CMS), consumers can save, on average, approximately 40% off of their monthly premiums because of enhanced tax credits. Therefore, it is important you get in touch with us to ensure you are getting all of the benefits available to you. 

Learn How The American Rescue Plan Can Help You

Over the last almost two years, the pandemic has shown us all the importance of having reliable and affordable health insurance coverage. Our licensed Agents know the ins and outs of the American Rescue Plan and are ready to help you find the perfect health insurance plan that can fit  your health needs and your budget. Give us a call at (919) 285-4732 or contact us here to see how you can take advantage of what the American Rescue Act has to offer.