Almost a million Americans got health insurance subsidies in April
That's well over double the number who turned to the exchange in the same period over the past two years, when enrollment was limited to those losing job-based policies and experiencing other major life events, such as divorce.
Why are so many people enrolling in Obamacare?
To raise awareness among the uninsured, the administration is spending $100 million in marketing, including broadcast and digital advertising and email and text messages. It is funneling $2.3 million to 30 organizations that assist consumers in enrolling. And it is partnering with national groups to increase outreach, including to the Black and Latino communities, which have higher uninsured rates.
Premium subsidies are making health insurance more affordable!
About 1.9 million Obamacare enrollees returned to the federal exchange last month to take advantage of the heftier premium subsidies contained in the Democrats' $1.9 trillion coronavirus relief package. The assistance, which became available on April 1, has reduced monthly premiums by more than 40% -- from $100 to $57, on average.
You can now afford plans with much better benefits
The larger subsidies are enabling customers to sign up for plans with more generous benefits and lower out-of-pocket costs. The typical deductible for new consumers fell by nearly 90% to $50, from $450 for those selecting policies prior to April 1. Many of them likely have lower incomes and are eligible for additional cost-sharing subsidies.
Under the American Rescue Plan, enrollees pay no more than 8.5% of their income toward coverage, down from nearly 10%. And lower-income policyholders receive subsidies that eliminate their premiums completely.
Also, those earning more than 400% of the federal poverty level -- about $51,000 for an individual and $104,800 for a family of four in 2021 -- are eligible for help for the first time.
Get your maximum health insurance subsidy.
90% of applicants are entitled to additional subsidies
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