In Arkansas 86% of Marketplace customers qualify for a tax credit with an average value of $292 per month
In Arkansas 86% of Marketplace customers qualify for a tax credit with an average value of $292 per month
People who reenrolled saved $ 19 per month on average by shopping and switching plans
From the U.S. Department of Health & Human Services
www.hhs.gov/news According to a new report released today, in Arkansas, 86 percent of people who selected or were automatically enrolled in a 2016 plan through the Marketplace qualify for a tax credit with an average value of $292 per month, or about 70 percent of the pre-tax credit premium.
Moreover, HealthCare.gov users in Arkansas are actively shopping and saving money on their 2016 Health Insurance Marketplace plans. In Arkansas 39 percent of people who actively reenrolled in a Marketplace plan for 2016 switched to a different plan, saving an average of $19 per month ($228 per year) after tax credits.
“There are just 10 days left until the end of Open Enrollment for 2016 coverage and Arkansas consumers should know that prices are affordable and itʼs not too late to shop for the best plan,” said HHS Secretary Sylvia M. Burwell. “People coming to the Marketplace for coverage are active, engaged and shopping to save money.”
Todayʼs report looks at the individuals in Arkansas who selected or were automatically enrolled in a plan through December 26, 2015. The vast majority of reenrollments were completed by December 18, 2015.
In Arkansas 61 percent of people who signed up as of December 26 had the option of selecting a health insurance plan with a premium of $75 per month or less after tax credits.
And 51 percent had the option of selecting a health insurance plan with a premium of $50 per month or less after tax credits.
On average, people who are signed up for Marketplace coverage in Arkansas as of December 26, 2015 are paying $127 per month on their premiums after tax credits.
To read todayʼs report, visit: https://aspe.hhs.gov/pdf-document/ health-insurance-marketplaces- 2016-average-premiums-after advance-premium-tax-credits- 38-states-using-healthcaregov- eligibility-and-enrollmentplatform
