April 20, 2021 - Harrisburg, PA
As a result of the recent American Rescue Plan, also known as the COVID-19 relief package, provisions specific to the Affordable Care Act have impacted the way health insurance is available in Pennsylvania. These provisions include savings for Pennsylvanians seeking individual market coverage and those already enrolled through Pennie."We are extremely excited that the premiums savings created by the American Rescue Plan are now available through Pennie and believe they will bring coverage to those who are uninsured but could not previously afford it," said Pennie Executive Director Zachary W. Sherman. "Overall, these savings provide a huge opportunity for many in Pennsylvania. If you ever thought that health insurance was out of your reach or something you could never afford, think again. Having health coverage has never been more affordable or more within your grasp." The American Rescue Plan results in an increase in the amount of premium tax credits through Pennie for eligible Pennsylvanians at all income levels during the 2021 and 2022 plan years. This will result in additional savings to the more than 270,000 Pennie customers currently receiving financial assistance. In some cases, lower-income enrollees will have their premiums eliminated entirely.
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