Insurance Records Rise Due to Covid-19 Cases!
As the rise of COVID-19 cases continues, good news comes to the fore in the health section. The Federal Centers for Medicare and Medicaid Services said this week that the vast majority will be able to obtain health insurance through the low-cost Care Act amendment, commonly known as Obamacare.
These records recorded between February 15 and July 15 are the highest figures of recent years.
The reason for this rise: U.S. President Biden signed an executive order earlier this year that allows people to register or change their plans outside of the normal open enrollment period through the end of the year.
The special enrollment period, which will run through the weekend, allowed both new and previous customers to see if they are eligible or not through a provision in the American Recovery Plan passed by Congress in 2021.
According to the Centers for Medicare and Medicaid Services information, monthly premiums dropped to an average of 27% due to advance payments of premium tax credits for new customers and low-middle-income people who purchased insurance during the private enrollment period.
2.6 million people across the country returned to from April until now, and the monthly premiums dropped to 40% after tax cuts.
There is time for insurance registration. You have until the end of the week to take advantage of the special registration. You can visit HealthCare.gov to find out if you qualify for free and additional financial support.
"Demand for very good, affordable health insurance continues in the country," said Xavier Becerra, Secretary of the U.S. Department of Health and Human Services. By strengthening the Low Cost Care Act and enforcing the Build Back Better Agenda, we will ensure that people always find affordable and quality insurance.
The special enrollment period has long been promoted by both Republicans and Democrats since it was advertised.
"We can easily understand how important it is to have health insurance at a time like this," Republican Insurance Commissioner Glen Mulready said earlier in the year.
Democrats congratulated Biden on his move to create a special enrollment period. This health insurance is something that former President Donald Trump considered, but decided while in office.