Marketplace enrollees can now take advantage of expanded tax credits

Today through Aug. 15, Americans can enroll in health coverage or revise their existing coverage through the federally facilitated marketplace to take advantage of expanded tax credits under the American Rescue Plan Act.

The Act made more people eligible for marketplace subsidies and increased the amount of the subsidies, including allowing those making between 100% and 150% of the federal poverty level and those receiving unemployment compensation in 2021 to pay no premium for certain marketplace plans.

The Department of Health and Human Services today increased its advertising for the SEP by $50 million to help inform the public. The Centers for Medicare & Medicaid Services launched the SEP Feb. 15 in response to the COVID-19 public health emergency.