Congresswoman Scanlon Urges PA-05 Residents to Act Now to Take Advantage of Extra Health Care Savings Included in the American Rescue Plan

Chester, PA – Today, Congresswoman Mary Gay Scanlon (PA-05) released a new report prepared by the staff of the House Committee on Oversight and Reform highlighting health care savings available to residents of Pennsylvania’s 5th Congressional District, as a result of the American Rescue Plan.

 

The American Rescue Plan lowers health care costs for millions of Americans who purchase private insurance by reducing premium contributions and expanding access to premium tax credits. 

 

“The American Rescue Plan ensures millions more Americans have access to quality, affordable health care,” said Rep. Scanlon. The savings available to consumers if they take advantage of the increased and expanded tax credits are significant — providing critical relief for those hurting due to the ongoing coronavirus crisis. We need to spread the word to ensure anyone who is still uninsured takes advantage of these savings before the special enrollment period ends on August 15.”

 

Rep. Scanlon urges individuals and families in the district who are uninsured to enroll in an insurance plan through the Pennsylvania-based marketplace on pennie.com or by calling 1-844-844-8040. In order to take full advantage of the American Rescue Plan’s enhanced tax credits, households in the district should enroll in a new plan or make changes to an existing plan by August 15, 2021. 

 

Below are findings from the House Committee on Oversight and Reform’s new report:

 

  • There are an estimated 16,000 uninsured individuals in the district eligible for tax credits under the American Rescue Plan — including an estimated 12,000 people who can now enroll in an ACA plan at no cost.
  • There are an estimated 28,000 people in the district who currently purchase health insurance on the individual market and could benefit from the American Rescue Plan. 
  • The average household could save an annual $4,600 in health insurance premiums.
    • For example, a family with two individuals age 40, two children, and a household income of $75,000 could see their annual premiums for the benchmark Silver plan cut by over 40 percent, generating $2,976 in annual savings.
  • Others in the district who were previously ineligible to receive tax credits but now qualify under the American Rescue Plan will also benefit. Their savings could be substantial, especially for older adults, who have historically paid the highest premiums. 
    • For example, a single individual age 64 who makes $52,000 could see annual  premiums cut by 65 percent, generating $8,184 in annual savings.

Read the full report.


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