The table of income level and subsidy contribution shown here, would allow you to better understand your eligibility for subsidy.
The final bill covers 100% of COBRA costs for people who have lost employer-sponsored coverage, starting on April 1, 2021 and ending on September 30, 2021.
A few Important Points:
- This will only apply to people who were involuntarily terminated.
- People can’t take the COBRA subsidy if they are now eligible for other coverage (including a new group plan or Medicare )
- The federal government will have to produce new model notices within 45 days of March 12, 2021, which employers will have to send to people who become eligible for the COBRA subsidy.
What if I underestimated my income in 2020?
People who underestimated their income in 2020 wont have to pay back APTC when they file their axes. This is a one time deal!!
Pregnancy and Medicaid Continuity?
Generally, pregnancy Medicaid continues for 60 days after birth, but now it will extend a full 12 months. Thus will stick around for 7 years!