April 13, 2021

costs

WATCH NOW: ‘Is this right?’ New federal law drives down health insurance costs in marketplace | Govt. and Politics

Last week, Torres-Barrera called “out of the blue” and suggested that LeBlanc resubmit her application to the marketplace. The result? Her monthly premium fell from $339 to $209 a month, a monthly savings of $120.

“I feel for people who don’t have support,” she said.

The Kaiser Family Foundation estimates that the new law will expand health coverage to 3.7 million uninsured Americans, an increase of 20%. The estimated average savings range from $33 a month for someone who earns less than 150% of the poverty level ($19,320 for an individual), to $213 a month for someone with an income

Read More

American Rescue Plan cuts health insurance costs for thousands of Vermonters

A hospital bill from the University of Vermont Medical Center. Photo by Mike Dougherty/VTDigger

The American Rescue Plan will save millions of dollars for Vermonters who buy health insurance on the state exchange, according to officials. 

The newly enacted federal stimulus package dramatically expands access to tax credits that subsidize health insurance, effectively cutting the cost of health care for thousands of Vermont residents across nearly every income level.

“The big message I think for Vermonters is that this is a really good thing,” said Addie Strumolo, deputy commissioner for the Department of Vermont Health Access.

The law caps the

Read More

What It Costs to Reopen a Business After a COVID Shutdown

Photo: Kanawa Studio/Getty Images

With COVID-19 restrictions lifting all over the country, many business owners are cautiously reopening their doors after months of closure. But it can be risky (not to mention costly) to do so, especially since life is hardly back to normal and regulations for reopening aren’t always clear. Here, three business owners in New York discuss what it takes to welcome their customers back in, and what scares them about the months ahead.

When COVID happened, I

Read More

Biden expands ‘Obamacare’ by cutting health insurance costs

COLUMBUS, Ohio (AP) — President Joe Biden pledged Tuesday that his $1.9 trillion rescue package would build on the promise of the Affordable Care Act, the hallmark legislation of Barack Obama’s presidency that became law 11 years ago.

Biden’s COVID-19 relief law pumps up “Obamacare” premium subsidies to address longstanding problems of affordability, particularly for people with middle-class incomes. More taxpayer assistance means, in effect, that consumers who buy their own policies through HealthCare.gov will pay hundreds of dollars less out of their own pockets.

“We have a duty not just to protect it, but to make it better and

Read More

Health insurance costs to drop for millions under Covid relief bill

Ika84 | E+ | Getty Images

Private health insurance through the nation’s public exchanges is set to become more affordable — at least for a couple of years.

The $1.9 trillion Covid relief package, which received final congressional approval Wednesday and will soon head to President Joe Biden for his signature, includes provisions that will reduce the cost of health insurance amid the ongoing pandemic and elevated unemployment.

Those changes include increasing premium subsidies (technically tax credits) that are available through the federal marketplace and state exchanges for 2021 and 2022, expanding who qualifies for the financial help and forgiving

Read More

How Biden’s stimulus checks bill can cut your health insurance costs

How Biden’s stimulus checks bill can cut your health insurance costs

There’s a lot more to President Joe Biden’s $1.9 trillion relief package than the long-awaited $1,400 stimulus checks.

The massive bill, which has taken another big step forward in Congress, also contains extended federal unemployment benefits, more funding for vaccines and — maybe most important for a country still mired in a pandemic — new subsidies to cut the cost of health insurance.

The Senate passed the bill on Saturday and is punting it back to the House for final approval and delivery to Biden, possibly in the coming

Read More