Please provide your zip code to see plans in your area.
A TRUSTED INDEPENDENT HEALTH INSURANCE GUIDE SINCE 1994.
More than 14.5 million Americans purchased health coverage through the marketplace / exchange in 2022. Most of them were eligible for premium subsidies, and the IRA helps to ensure that their coverage options will remain affordable after the end of 2022.
Under the IRA, the enhanced subsidies that are in effect in 2022 (as a result of the American Rescue Plan) will continue to be in effect through 2025. Without the IRA, they would have expired at the end of 2022.
The IRA includes numerous provisions that will improve Medicare’s prescription drug coverage, with changes phasing in over the next several years.
These changes will affect more than 50 million Americans are enrolled in Medicare Part D coverage, either as a stand-alone plan or as part of a Medicare Advantage plan – and will also affect pharmaceutical benefits Medicare enrollees receive under Medicare Part B.
The Inflation Reduction Act would extend ARP's health insurance subsidy enhancements – helping millions eligible for ACA marketplace subsidies.
The subsidy cliff has been temporarily eliminated under the American Rescue Plan and Inflation Reduction Act, saving some enrollees thousands of dollars per year through 2025.
Does this change the actual amount that I pay for my coverage each year? How has the American Rescue Plan (ARP) affected this? And what about the Inflation Reduction Act (IRA)?
Learn how the Affordable Care Act's premium tax credits (premium subsidies) are calculated, and who is eligible to receive them under the American Rescue Plan and Inflation Reduction Act.
Worried about the cost of health insurance premiums? Use our free Obamacare subsidy calculator to see how much you'd save with an ACA-compliant plan.