The federal government recently passed a COVID-19 relief bill, the American Rescue Plan Act of 2021, which was signed into law by President Biden on March 11, 2021. You may be able to get more savings and lower costs on Marketplace health insurance coverage due to the American Rescue Plan Act of 2021. Under the new law:
Enroll or change plans with the 2022 Special Enrollment Period through August 15
You have through August 15 to enroll in or change your Health Insurance Marketplace® plan due to the coronavirus disease 2019 (COVID-19) emergency.
Changing plans — the deductible may reset
You can change Marketplace health coverage during the 2022 Special Enrollment Period through August 15.
But, it’s important to consider the new plan’s deductible — it’ll likely start over. If you change plans or add a new household member, any out-of-pocket costs you already paid on your current 2022 Marketplace plan probably won’t count towards your new deductible, even if you stay with the same insurance company.
Call your insurance company before changing plans or adding a new household member to find out if you’ll need to start over to meet your new plan’s deductible. If you have already paid a lot in out-of-pocket costs toward your deductible, check with your insurance company to see how it might impact you and what options are available to keep credit toward what you’ve already paid.
If your state doesn’t use HealthCare.gov
Visit your State Marketplace website or contact their Call Center for more information about when these additional savings will be available through your Marketplace.
Not sure which website your state uses? Select your state to find out.
• May allow for more freedom in treating an illness without worrying about expenses
• Peace of mind protection
• Helps to pay for out-of-pocket costs for medical expenses • Protects savings
• Can offset the cost of deductibles, co-pays, and unexpected expenses not covered by other insurance plans • Paid in addition to any other health care coverage
• Benefits paid directly to the policyholder or a designated medical provider
• Choice of insurance plan options and coverage for issue ages 18 – 89
Long-Term Care describes an array of services that are available to people with prolonged illnesses, disabilities or cognitive disorders. LTC services include health, medical, personal care, and social services, as described below.
What does LTC include?
Pathways Insurance Agency
707 Alexander Rd, Bldg 2 Suite 208
Princeton, NJ 08540
Office: (609) 337-4411
Direct/Cell: (908) 285 5946
E-mail: info@pathtoinsurance.com
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