Full Circle: The HHO Blog

Washington State and the American Rescue Plan

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The American Plan Rescue Act (ARP) will channel billions of dollars to Washington state as schools, businesses, governments and people begin to chart a course toward recovery from a year living with a global pandemic.

The legislation directs a virtual "helicopter drop" of money to Washington, including its cities and counties.

  • $1.9 billion for K-12 schools

  • $655 million for higher-education institutions

  • $635 million for child care

Washington also will receive $7.1 billion in aid for local, county and state governments that saw tax collections drop last year amid the economic downturn caused by the virus and restrictions to stem outbreaks.

Of that, $4.25 billion will go to the state level just as legislators in Olympia prepare new, two-year budget proposals that fund everything from schools and parks, to prisons, environmental programs and social services.

Local government aid includes money for each county, including

  • $437 million for King County and

  • $159.5 million for Snohomish County.

 

Money to cities includes

  • $239 million for Seattle,

  • $84.3 million for Spokane,

  • $63 million for Tacoma and

  • $25.5 million for Yakima.

“The passage of the American Rescue Plan Act is welcome news for millions of Americans. I applaud President Biden and congressional leaders for acting so swiftly to pass this much-needed relief for communities, health systems, businesses and workers. Governors across the country have been urging the federal government for nearly a year to fund the full-scale testing, vaccination and economic assistance resources needed to beat this crisis. Our work is not done, and Washingtonians must continue to wear masks and observe social distancing. But with the resources now at hand, we can take a significant step closer to the day when vaccinations are commonplace and the virus is under control."
Gov. Jay Inslee

The American Rescue Plan makes health insurance more affordable for over 575,000 Washington citizens and 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.

Call Now (877) THE HALO

 

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