ObamaCare Subsidies Expanded For Unemployed Starting July 1
Unemployed Americans get expanded subsidies under the latest COVID relief bill starting July 1st and continuing for the rest of the year.
The new bill allows anyone who receives or is approved to receive unemployment during the year to get a health plan for as little as $0 a month after assistance (based on benchmark silver plans).
People have until August 1st 2021 to sign up due to a previous extension by the Biden Administration. Meanwhile, those who lose their jobs can enroll via special enrollment and those who already have coverage can apply for increased subsidies by updating their information in their marketplace account.
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jay
I was laid off from my job on 10/01/2021. I carried health insurance through my work for my family. My husband has small business however private insurance is very expensive . Is there any other better option for family of 4? I would appreciate any help /feedback.
ObamaCareFacts.comThe Author
Depending on your household income you may actually be able to get your best price on the private market via the marketplace. Have you shopped on healthcare.gov and compared rates there? Owning a small business does not disqualify you from assistance, and even without assistance premium amounts are capped for 2021 and 2022 coverage.
Jan Share
I just lost my job and have coverage only through July, 2021. I am filing for unemployment. I currently have the Kaiser Platinum plan. I need insurance and need help. I am 64 years old and will not qualify for Medicare until 2021.
ObamaCareFacts.comThe Author
If you don’t qualify for Medicare yet, then you do have options under the Affordable Care Act. The information on this page should point you in the right direction, but in short you’ll want to contact Healthcare.gov ASAP and let them know your situation.