ARPA Subsidy Expiration Could Drive 2023 Premium Rate Changes
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ARPA Subsidy Expiration Could Drive 2023 Premium Rate Changes

The expiration of the American Rescue Plan Act (ARPA) premium subsidies and the return of Medicaid redeterminations will likely result in 2023 premium rate changes for individual and small group health insurance plans, according to an issue brief from the American Academy of Actuaries. As payers begin their premium rate filing process, they must consider projected medical…

New Special Enrollment Period (SEP)
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New Special Enrollment Period (SEP)

The new Special Enrollment Period (SEP) for individuals making less than or equal to (≤) 150% of the Federal Poverty Level (FPL) is expected to be implemented in late March 2022. ≤150% FPL SEP Details APTC-eligible consumers with a projected annual income ≤150% FPL will be able to enroll on a monthly basis:  Eligible consumers who are…

Downstream Impacts of Making American Rescue Plan Act Permanent
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Downstream Impacts of Making American Rescue Plan Act Permanent

Making the American Rescue Plan Act permanent could lower costs on the Affordable Care Act marketplaces and eradicate the Medicaid coverage gap, but it would also cost the federal government up to $333 billion in the policy’s first decade, according to a Commonwealth Fund report. The researchers used the Urban Institute’s Health Insurance Policy Simulation Model in order…