Full Circle: The HHO Blog

Pennsylvania releases American Rescue Plan spending

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Pennsylvania is getting $7.29 billion this year from the American Rescue Plan, but the commonwealth will only spend $1.04 billion of that this year.

Under the program, the federal government is sending $195 billion directly to state treasuries. The money is supposed to make up for what states missed out on during the pandemic in taxes and fees — and help pay for the recovery effort over the next five years.

The first Pennsylvania spending plan includes-

  • $279 million in highway projects

  • $282 million for long term care facilities

  • $50 million for housing costs

Health Care Subsidies

Pennsylvania is estimated to receive $270 million dollars for health insurance subsidies that will lower the costs of health insurance for many people who already have coverage, and expand coverage for many who have not been able to afford health insurance.

About 317,000 people in Pennsylvania are covered by Obamacare. Most of those with individual coverage will see savings of about $87 per month and those with family coverage will savings of about $118 per month, state Insurance Commissioner Jessica Altman said.

Another result of the American Rescue Plan, state officials said, is that no one buying coverage will have to pay more than 8.5% of their income toward health insurance premiums if they chose what’s called a “benchmark” plan. In the past, people with incomes above a certain level weren’t eligible for federal subsidies to offset their premiums and keep them below 8.5%.

“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

We will 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.

We will:

  • 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

 

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