Insurance enrollment

After the changes, no more insurance registrations in New York

Changes at the state and federal level, including increased financial aid and tax credits resulting in lower monthly premiums, have resulted in increased listings on the New York Health Insurance Exchange, the New York Health Insurance Exchange said on Tuesday. State Department of Health.

Meanwhile, more than 1.4 million New Yorkers between March 2020 and August 2021 signed up for health care coverage under the Marketplace, a key structure of the Federal Affordable Care Act, or Obamacare, which aims to create a competitive market to buy insurance.

The additional enrollment comes as the ongoing COVID-19 pandemic has further taxed the health system in New York City and across the country. More than 2,000 people in New York are hospitalized with the virus amid a summer spate of cases due to the spread of the highly contagious delta variant.

Registration continues until the end of the year.

“These data show the important role of the NY State of Health in the lives of millions of New Yorkers. The market was essential during the public health emergency to ensure that New Yorkers can easily access affordable coverage and not experience gaps in coverage, ”said Danielle Holahan, Acting Executive Director of the New York State of Health. “We encourage New Yorkers who need health insurance to apply today and let us find a health plan that works for you.”

The market has been in place for almost a decade in New York City. As of August 31, more than 6.3 million people, or one in three New Yorkers, had enrolled for health care coverage through the state health insurance stock exchange.

The additional listing comes after policy changes at state and federal levels, which the Department of Health this week directly attributed to the increase. In March, Congress approved a federal stimulus package that increased the amount of financial assistance to people who buy insurance and extended tax credits to high-income New Yorkers.

At the same time, the state budget approved in April made changes to New York’s Essential plan, intended to make it more affordable and provide greater coverage.

More than 40,000 people have enrolled in the eligible health plan since financial assistance became available in April. Almost 72,000 people who have coverage under the qualifying health plan pay less than $ 100 per month for their premium.

And a record 914,000 people signed up for Essential plan coverage in August. The majority of people enrolled in the state’s health care exchange coverage are under 35, a key indicator for younger and healthier people to enroll in order to spread the cost of care .

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