How The American Rescue Plan Improves Our Social Safety Net
Designed as both relief and stimulus, a significant portion of the already approved $1.9 trillion American Rescue Plan represents injection into the country’s social safety net programs.
direct payments to families
assistance for housing
Community Assistance From The American Rescue Plan
At the community level, the $350 billion relief fund for states and local governments offers rural places a chance to mitigate the effects of the pandemic while laying the groundwork for future development efforts. Of the $65.1 billion set aside for counties, $15.33 billion—over 23 percent—will go to non-metropolitan counties.
Rural towns, municipalities, and townships will not fare as well out of the other $65.1 billion directly committed to city governments and local jurisdictions. While $19.5 billion is reserved for smaller jurisdictions—that is, non-county governments with a population less than 50,000—most of these will be within the boundary of a metropolitan area.
What Program Means The Most To You?
The American Rescue Plan makes health insurance more affordable for millions of Americans.
A Kaiser Family Foundation analysis estimates that 92% of people who buy their own health insurance will qualify for a subsidy. Its findings also indicate that 1.4 million uninsured people are now newly eligible for the subsidized marketplace coverage.
Kaiser pegs the average savings as ranging from $33 a month for those with incomes under 150% of the poverty level to $213 a month for those with incomes between 400% and 600% of the federal poverty level.
Estimates by the Centers for Medicare & Medicaid Services (CMS) say premiums after the new savings will decrease, on average, by $50 per person per month, or $85 per policy per month. Four out of five enrollees should be able find a plan for $10 or less a month after premium tax credits, CMS says, and more than 50% will be able to find a “Silver” (or mid-level) plan for $10 or less.
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