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.
MASSACHUSETTS STATE GOVERNMENT will get an unprecedented influx of $5.3 billion in federal money from the American Rescue Plan to spend over the next five years, $800 million more than state government was initially anticipated to get.
In total, the state will be getting between $12 billion and $13 billion in federal aid from the coronavirus relief package that President Biden signed in March, with additional money going to schools, municipalities, transit, childcare, housing assistance, and other areas.
MA Restaurants and Bars To Recieve Aid
Within the $1.9 trillion COVID-19 relief package - through which millions of Americans have already received stimulus checks - is $28 billion for restaurants and bars.
Here's want Senator Markey recently said:
“Massachusetts is going to get the help it needs for our restaurants,”
~Sen. Ed Markey
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.
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 each year.
--Licensed benefits brokers standing by to make sure you get every dollar you are entitled to.
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