1. Those who already qualified for subsidies will see larger subsidies. This means people who make up to 400% of the federal poverty level (up to $51,520 for an individual or $106k for a family of 4) will see even more savings than they did previously.
2. Most people who didn’t previously qualify for subsidies will now qualify. Before, if you made more than 400% of the federal poverty level, you could not get any subsidies. The new bill caps the percentage of income paid for a Marketplace benchmark silver premium to 8.5% of your household income, which makes health insurance significantly more affordable if you previously had too high of income to get a subsidy.
3. Subsidy guarantees for enrollees receiving unemployment compensation. If you’ve received unemployment compensation in 2021, you may qualify for significant subsidies regardless of your income.
4. COBRA covered at 100% until September. If you were laid off/involuntarily terminated, you can get the cost of COBRA covered until September.