Because subsidies are higher for some people, some enrollees can get $0 premium Bronze or Gold plans

By Carl Lishing, HealthMarkets Insurance Agency

If we’ve learned nothing over the last year-and-a-half, we’ve been shown time and again how valuable health insurance coverage can be.

Because there is a push to get more people insured, the Open Enrollment Period for Affordable Care Act (ACA) coverage has been extended until Saturday, January 15, 2022.

If you didn’t qualify for a subsidy to help offset the cost of your health insurance coverage previously, you may now.

What is a subsidy? Essentially, it’s a premium tax credit the federal government provides to individuals to help offset the cost of an insurance premium. For example, if your premium is $1,500 a month and you get a subsidy of $900, the government pays that amount and your total out-of-pocket to secure coverage is $600.

Because subsidies are higher for some people, some enrollees can get $0 premium Bronze or Gold plans. In fact, with the current ACA marketplace structure, many more Americans have become eligible for lower premium Bronze plans.*

With more than 100 different plans available under the ACA umbrella, it can be challenging to find your best fit. I can help you choose the best plan for you, and my guidance is provided at no cost to you.

You can reach licensed insurance agent Carl Lishing at 216-228-0765. HealthMarkets Insurance Agency is located at 16506 Detroit Avenue, in Lakewood. Office hours currently by appointment. Find out more at ClevelandInsurance.info.

HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency in all 50 states and the District of Columbia. Not all agents are licensed to sell all products. Service and product availability varies by state. Agents may be compensated based on enrollment. No obligation to enroll. 48198-HM-1221