Stimulus Bill Will Make Health Insurance More Affordable for Millions

The $1.9 trillion COVID-19 stimulus package passed by Congress includes several provisions that aim to make health care more affordable for households. They include increasing premium subsidies through the federal marketplace and state exchanges for 2021 and 2022, expanding who qualifies for them, and forgiving amounts due by taxpayers who received too much in subsidies in 2020. The Congressional Budget Office report estimates that the expanded eligibility would result in 1.7 million more people getting insurance through the marketplace, with 40 percent of them being individuals who are currently ineligible for premium tax credits because their income is above the 400 percent cap. Read more.