With the passage fo the American Rescue Plan Act of 2021 there are new cost savings on Marketplace health insurance coverage. More people than ever before qualify for help paying for health coverage, even those who weren’t eligible in the past. For those already enrolled in a Marketplace, they likely qualify for even more tax credits than before. Due to this change it is definitely more affordable to get health insurance than ever before.
Furthermore, the Inflation Reduction Act is keeping these savings and lower costs through 2025.
How much can you save on Health Insurance for 2023?
The savings really depend on where you live, how many people in your family, and how much income you make each year. It can be quite significant depending on your situation. You can calculate how much savings you can qualify for using this calculator.