Maryland: American Rescue Plan Act Lowers Health Care Costs

Maryland: American Rescue Plan Act Lowers Health Care Costs

ANNAPOLIS, MD (STL.News) Governor Larry Hogan and Maryland Health Connection today announced reductions in the health plan costs that reflect additional financial help available through the federal American Rescue Plan Act.

“This relief will help lower the costs many Maryland families would otherwise pay for coverage,” said Governor Hogan.  “We are proud to offer such high quality health insurance options, now with additional savings, to keep Marylanders safe and healthy, especially as we come out of the COVID-19 pandemic.”

The new law means that:

  • Those who previously did not qualify for financial help for private insurance due to higher income will now be eligible;
  • Many who received help before in the form of federal tax credits will now be eligible for additional savings, in some cases hundreds of dollars a month;
  • Unemployed workers may qualify for health plans for just a few dollars a month; and
  • COBRA coverage is free for laid-off workers through Sept. 30.

“The strength and agility of our technology and consumer assistance network enabled us to make the benefits of the American Rescue Plan Act available to Marylanders swiftly,” said Michele Eberle, executive director of the Maryland Health Benefit Exchange. 

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Author: Publisher3