Several new EHF research reports help paint the picture of enrollment in Affordable Care Act health insurance plans, plus who may benefit from recently-passed legislation in Congress that offers new discounts to purchase plans in the ACA Marketplace.
Analysis of ACA enrollment data in Texas
More Texans have enrolled in Affordable Care Act health insurance plans for 2021 compared to 2020. EHF’s new research analysis found that enrollment is up 16% with more than 1.2 million Texans now signed up for ACA plans.
EHF’s analysis also found that almost three quarters (73%) of enrollees are returning consumers and more than half (53%) are low-income individuals who earn between $12,000 and $20,000 a year.
In addition, ACA enrollment numbers show 90% of all Texans participating in ACA plans receive tax credits to help lower premiums. On average, the average cost of monthly premiums for enrollees who received tax credits in 2021 dropped by 79% – from $550 to $120.
Uninsured Texans eligible for new ACA subsidies under the American Rescue Plan Act
EHF researchers found that the more than half of Texans could benefit from new subsidies in the American Rescue Plan act that would help pay for health insurance premiums in the ACA Marketplace.
Under the American Rescue Plan act, the federal government expanded the eligibility requirements of the ACA Marketplace for two years. It increases subsidies to those already eligible for federal subsidies and expands them to people earning incomes over 400% of the federal poverty level (FPL).
According to an estimate released by Department of Health and Human Services, 2.5 million Texans may be eligible to receive these additional subsidies. As the federal government extended the special enrollment period to August 15, 2021, more low-income uninsured Texans will have the opportunity to enroll in ACA marketplace coverage.