Full Circle: The HHO Blog

Another Stimulus Check Will Soon Be In The Mail

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What comes after the American Rescue Plan and the big subsidies on health insurance premiums?

It's President Biden's Plan For American Families.

In it the subsidies under the expanded Obamacare have been extended indefinitely. Furthermore, more rebates or another “stimulus check” from your insurance company is also expected.

The Obamacare subsidies were expanded back in March when the COVID relief plan worth $1.9T was passed. Along with that. Private companies for health insurance are also going to pay about $2.1B. This will be as rebate amounts for over 10.7 million holders of policies come this fall.

Why Are Many Americans Going To Get Obamacare Rebate Checks?

Several insurance companies had failed to achieve the ratio threshold for medical loss as set forth under the Affordable Care Act (ACA) in 2020. It required insurers to claim at least 80% of their premium revenues for healthcare or activities that improve quality.

Many insurance companies booked higher profits because the rates were set before the pandemic struck.

The market and your company’s amount of revenue spent will be the basis of how much one will get. About $1.5B is set aside for nearly 5 million policyholders from the individual market. The law states that the stimulus check should start getting issued latest by 2021 fall. 

We make sure that you get the maximum amount of financial relief that you’re entitled to.

The American Rescue Plan Act of 2021 or “ARPA”, increased federal subsidies for Health Insurance plans by $350 Billion dollars to make Health Insurance more accessable to more Americans.

Our expert Licenced Benefits Brokers have studied the law and are ready to assist you to get the maximum amount that you are entitled to.

We are able to get an average $1500 a year for eligible applicants towards the cost of a top quality Health Insurance Plan.

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