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Biden to open up Medicaid, Obamacare plans to DACA recipients

President Biden has recently announced that the Department of Health and Human Services (HHS) will allow DACA recipients to sign up and receive health care coverage through Medicaid or other Affordable Care Act (ACA) plans. This is a significant change from the Trump administration, which had imposed restrictions on enrolling DACA recipients in Medicaid. As a result of the policy change, it is estimated that roughly 300,000 DACA recipients will have access to health care coverage. The new policy recognizes the fact that many DACA recipients are currently living in poverty and need access to quality health care. It also reflects the Biden administration’s commitment to providing access to health care for all individuals, regardless of immigration status. The HHS has indicated that it will continue to accept applications for ACA coverage from DACA recipients, as well as those who are eligible for Medicaid or CHIP (Children’s Health Insurance Program). It is expected that this policy change will allow many more DACA recipients to have access to healthcare coverage in 2021 and beyond.

IRS regulations fix the ACA’s ‘family glitch’ as of 2023

The Family Glitch was an unexpected consequence of the Affordable Care Act (ACA) that prevented some low-income families from receiving subsidies for health insurance. Under the ACA, employers with more than 50 full-time employees are required to provide health insurance to their employees or pay a penalty. However, if an employee is offered health insurance through their employer, they are not able to receive a subsidy on the ACA Marketplace to purchase coverage. This meant that many families with low-income earners were not able to receive subsidies even if they could not afford employer-sponsored plans. Fortunately, the Family Glitch has been fixed in 2021 and will be removed in 2023. This means that now families with lower incomes may be eligible for financial assistance when purchasing health insurance coverage through the Marketplace. Additionally, employers may now offer coverage that is affordable for employees while still allowing them to qualify for a subsidy on the Marketplace. This will make it easier for many people to get access to quality and affordable healthcare coverage.

150% Federal Poverty Level (FPL) Special Enrollment Period (SEP)

. To qualify for a Special Enrollment Period (SEP) under the Affordable Care Act (ACA), an individual must have a qualifying life event that allows them to enroll in or change their coverage outside of open enrollment. One such qualifying life event is having an income that is at or below 150% of the Federal Poverty Level (FPL). In order to qualify for a SEP based on income, an individual must provide documentation that their household income falls within the acceptable range. The acceptable range is determined by their state's guidelines and will depend on the number of people in the household. Generally speaking, if an individual’s household income is at or below 150% of the FPL, they may qualify for a SEP. The exact amount of the FPL varies depending on factors such as household size, state of residence, and age.

Check out the FDL below and then call us at 956-815-0077 to help you enroll and to help you choose the right plan for you.

Health Insurance for Laredo Citizens

IRG Financial is a Health Insurance Agency licensed in the State of Texas and is certified to assist with Health Insurance enrollments. IRG Financial can help its clients understand the various health insurance options available to them, including plans available through the Affordable Care Act (ACA) and Medicare. IRG Financial has experienced consultants who will help you select an insurance plan that best fits your needs and budget. They can also assist with employer group plans, including those offered through employers in Laredo and surrounding areas. IRG Financial can provide free quotes for health insurance plans, so you can compare them side-by-side to find the plan that best fits your needs and budget. They also provide assistance with the enrollment process so you can be sure that you are enrolled in the right plan for you. If you are looking for health insurance in Laredo or surrounding areas, contact IRG Financial today to get started with finding a plan that meets your needs and budget!

IRG Financial is located at 1701 Jacaman RD Ste 11 Laredo, Texas. They can be reached at 956-815-0077 or click on the button below to visit their website.

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