Extra coverage help under the American Rescue Plan for New Yorkers who lost jobs and job-based insurance

Extra coverage help under the American Rescue Plan for New Yorkers who lost jobs and job-based insurance

Collection:
Health Policy and Services Research
Series Title(s):
HealthWatch (United Hospital Fund of New York)
Author(s):
Newell, Peter, author
Contributor(s):
United Hospital Fund of New York, issuing body.
Publication:
[New York, NY] : United Hospital Fund, August 2021
Language(s):
English
Format:
Text
Subject(s):
Health Benefit Plans, Employee
Health Insurance Exchanges -- economics
Income Tax
Unemployment
New York
United States
Genre(s):
Technical Report
Abstract:
The American Rescue Plan Act (ARPA), signed by President Biden on March 11, 2021, boosted the affordability of health coverage by building on Affordable Care Act provisions, as highlighted in a recent HealthWatch issue brief. But the sweeping pandemic relief measure also provides special coverage help to New Yorkers who lost their jobs or job-based health coverage during the COVID-19 pandemic, by building on traditional safety net programs tied to unemployment. This issue brief examines the ARPA provisions that will help consumers afford premiums on lost employer-based coverage (commonly known as COBRA), sharply reduce health costs for workers who received unemployment benefits in 2021, and protect taxpayers who underestimated their income in 2020 from having to repay premium tax credits that made coverage more affordable.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (6 pages)).
NLM Unique ID:
9918351273906676 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/9918351273906676