On March 11, 2021, the Pennsylvania Insurance Department and Pennie, Pennsylvania’s health insurance marketplace, issued a joint statement on the American Rescue Plan Act of 2021.
“The American Rescue Plan Act of 2021 will not only provide financial assistance through the forthcoming stimulus checks but will also provide an estimated $270 million in additional subsidies to current Pennie™ customers in 2021 alone. Through this law, marketplace premiums will be capped at 8.5% of a household’s income, meaning current Pennie™ customers will see lower monthly premiums and those without coverage or who were previously ineligible will now have access to financial help if they shop at pennie.com. In some cases, lower-income enrollees will have their monthly premiums eliminated entirely. Additionally, anyone who was eligible for unemployment income in 2021 will be eligible for coverage through Pennie™ with a $0 premium for the remainder of the year.
These changes allow Pennie™ to further support current customers and delivers an extraordinary opportunity for individuals seeking coverage to protect themselves and their families as we continue to grapple with the impacts of COVID-19. We will move quickly to implement these changes in the interest of delivering this financial relief as expeditiously as possible.”