On February 8, 2021, House Democrats revealed a $1.9 trillion COVID-19 relief package, which in part would increase the ACA’s financial assistance for two years, in an effort to make premiums more affordable for enrollees. Specifically, in what would be the first significant expansion of the ACA subsidies in years, the provision would increase subsidies so that enrollees would not have to pay more than 8.5% of their income in health insurance premiums.
The relief package also provides temporary support for individuals seeking to keep their employer-sponsored insurance and additional monies to states that have yet to expand their Medicaid programs.
Although this provision is strictly temporary at this point to address healthcare access during the COVID-19 pandemic, this is likely something that the Biden Administration will seek to make permanent in the future.
Roetzel will continue to monitor developments in this area. For more information and insight on this matter, please contact one of the listed Roetzel attorneys.