Individual Market News
Published May 11, 2021
The American Rescue Plan Act of 2021 (ARP), signed into law in March, expands eligibility for financial assistance and increases the financial assistance amounts for individuals who purchase health plans through Washington Healthplanfinder for plan years
2021 and 2022.
Here are key points about ARP you need to know:
- Washington Healthplanfinder opened a special enrollment period through August 15, 2021, in accordance with ARP.
- Your on-exchange clients may qualify for additional tax credits or be newly eligible to receive tax credits.
- Most of your on-exchange clients don’t need to take action to receive their additional tax credits.
- If action is required for your clients to receive tax credits, they should’ve received a notification from Healthplanfinder with instructions. We recommend you encourage them to check their notifications and follow the instructions.
- New tax credits will most likely be reflected retroactively on invoices for the month following the start date of the new tax credit amount.
- Premera has communicated information about ARP to our members in an email (sent in April) and on the secure member site.
For more information, visit the exchange’s ARP FAQ page or read their press release.