Full Circle: The HHO Blog

How The American Rescue Plan Makes Health Insurance More Affordable For Millions


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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a $1.9 trillion economic stimulus bill passed by the 117th United States Congress.

Many people know about the $1400 checks stimulus checks.

But less attention has been paid to the billions of dollars set aside to help make health insurance more affordable.

Below are scenarios of premium subsidies based on the new healthcare legislation.s

American Rescue Plan Savings Scenarios

Hagens Family

Household Size: 5 

Ages: 44, 40, 14, 12, 8

City & Zip Code: Atlanta, GA - 30319

Income: $82,000

Old Plan: Blue Cross Blue Shield of Georgia - Silver Plan

Old Monthly Premium: $655.57 Old Annual Premium: $7866.84

Old Copays:  $35 Visits,   $15  Rx

New Plan: Blue Cross Blue Shield of Georgia - Silver Plan

New Monthly Premium: $293.18

New Annual Premium: 3517.92 

New Copays: $35 Visits,   $15  Rx

Annual Savings For The Hagens Family $4, 348.92

Ronnie & Deborah

Household Size: 2

Ages: 55, 52

City & Zip Code: Oak Lawn, IL - 60453

Income: $72,000

Old Plan: Ambetter of Illinois - Bronze Plan

Old Monthly Premium: $1,075.30

Old Annual Premium: $12,903.60

Old Copays:  $40 Visits,  $30 Rx

New Plan: Bright Health - Bronze Plan

New Monthly Premium: $439.04

New Annual Premium: $5,268.48

New Copays:   $0 Visits,   $25  Rx

Annual Savings For Ronnie and Deborah: $7,636.12

Mr. Quintanilla

Household Size: 1

Ages: 61

City & Zip Code: San Luis Obispo, CA - 93401

Income: $75,000

Old Plan: Blue Shield of California - Bronze Plan

Old Monthly Premium: $852.00 Old Annual Premium: $10,224.00

Old Copays:  $65 (3 per year) Visits,   Full Price Rx until $6,300 deductible is met

New Plan: Blue Shield of California - Silver Plan

New Monthly Premium: $294.00

New Annual Premium: $3,528.00

New Copays:   $40 Visits,    $16  Rx

Annual Savings For Mr. Quintanilla $6,696.00

   
“Just saying the word ‘savings’ does not do these provisions justice, It’s not just a one-off discount or a coupon. It’s a complete transformation in the way people pay for health insurance.” ~ Jessica Altman, Pennsylvania Insurance Commisioner
Jessica Altman

Get your maximum health insurance subsidy.

  • 90% of applicants are entitled to additional subsidies
  • Less than 5 minutes to see how much you will save a year.
  • Licensed benefits brokers standing by to assist by phone if you have any questions.

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