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health care deadline

The Biden Stimulus For Health Insurance is Coming to an End

The deadline to enroll in free or reduced-price health insurance through the federal marketplace is approaching.

The program, established through the $1.9 trillion American Rescue Plan passed in March, is available for those who received or were approved for unemployment payments for at least one week in 2021. There aren’t any income limits to qualify, but the deadline to get in your application is August 15, 2021.

“Health coverage provides the peace of mind that every American deserves,” said CMS Administrator Chiquita Brooks-LaSure. “Through August 15, people have an opportunity to select a quality health care plan that works for them, with costs that are at an all-time low.”

About 60% of eligible uninsured Americans can access free plans after advance tax credit payments, federal officials said. Additionally, 80% of current customers will be able to find a plan for $10 or less per month.

However, keep in mind New Jersey has its own state marketplace called GetCoveredNJ. The deadline to enroll on a plan in New Jersey is December 31, 2021.

Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.