American Rescue Plan – Financial Help For Regular Americans
The Covid-19 pandemic has been with us for over a year.
Here's a quick overview of the American Rescue Plan Act (ARP) and how new forms of government assistance are helping regular American families cope.
There have been three sets of financial aid in the last year. It started with the CARES act in March 2020, more legislation and checks in December 2020, and the American Rescue Plan Act in March of 2021.
The American Rescue Plan Act strengthened the jobless benefits available to Americans through September. That includes an extra $300 per week in federal unemployment benefits.
In addition, the law increases the number of weeks those benefits are available and makes the first $10,200 of income from those checks exempt from federal income taxes.
The American Rescue Plan Act helped steady the Paycheck Protection Program, a lending process aimed at keeping small businesses afloat, which has disbursed $755 billion in loans to date.
The program was initially established through the CARES Act.
PPP loans provide incentives for small businesses to maintain workers on their payrolls. In some cases, the loans may qualify for forgiveness.
Americans have received about $850 billion through the three stimulus checks sent out in the past year.
Now, there is a chorus from some advocates who are calling for additional direct payments to Americans.
This week, the Economic Security Project released a report that argued more stimulus checks are needed.
“We need at least one more check,” said Adam Ruben, campaign director at the Economic Security Project.
Child Tax Credits
Many parents will see additional cash coming their way after the American Rescue Plan Act expanded the child tax credit.
While those changes are only in effect for one year, experts expect there will be efforts to make them permanent.
The payments will go to $3,600, from $2,000, per child under 6, and to $3,000 per child up to age 17.
We Help You Get All The Assistance You Qualify For
Estimates are that 4 out of 5 who enroll in a new 2021 health plan can find a plan for $10 per month, with financial assistance.
We make sure that you get the maximum amount of financial relief that you’re entitled to.
You probably qualify for low or zero-premium healthcare with the lowest deductibles, lowest out-of-pocket costs, and the lowest cost to see your doctor.
This is full coverage and covers everything from the private health insurance companies that you can choose like Anthem, Blue Cross, Blue Shield, Cigna, Aetna, United Healthcare, and all the brand name carriers that you know and trust.
Call us at (877) THE HALO to make sure you get every dollar this new law wants to give you.
Discuss how the new law impacts you
Review your coverages
Show you all your options
Help you complete your application
Calculate your subsidy and get you the maximum
Submit it to the federal government
Get you approved within minutes!
Call (877) THE HALO