Supreme court ruling upholds Affordable Care Act
On Thursday, the United States Supreme Court ruled to uphold the Affordable Care Act (ACA) on a vote of 7-2. The decision comes as welcome news for nearly 500,000 Coloradans and 31 million Americans who receive health care as a result of the expansion. Especially as the pandemic continues to impact many Americans’ employment and economic security, this ruling ensures access to quality health care coverage in a time when it is more important than ever.
Since its implementation, the ACA has provided Colorado with numerous benefits. Because the federal government provides approximately 90 cents per dollar of Medicaid expansion, the state has received roughly $10 billion in federal funds. Along with that, the Urban Institute reported that in the last three years, ACA premiums have continuously decreased.
The ACA also allows individuals to stay on their parents’ health insurance up to age 26, protects coverage for individuals with preexisting conditions, and allows for the operation of state-based marketplaces that let consumers shop for coverage and get financial assistance for costly premiums.
Connect for Health Colorado is the state’s official health insurance marketplace. It is the only place where Coloradans who don’t qualify for Medicaid and don’t get health insurance from their job can apply for financial assistance and sign up for a private health insurance plan.
Due to the American Rescue Plan (also called the “COVID relief package”), Connect for Health Colorado is now open until at least August 15, 2021, and there is more financial help available than ever before. For the first time ever, Colorado individuals and families of all income ranges can qualify for reduced premiums. In addition, many Coloradans who received Unemployment Benefits in 2021 qualify for a $0 health insurance plan that lasts for the rest of the year.
The best way to find out if you qualify for either $0 or low-cost health insurance plans is by using the anonymous Quick Cost and Plan Finder tool and working with our certified experts who can help you navigate enrollment and ensure you are receiving the financial help you qualify for at no cost. To find a certified expert, visit: https://connectforhealthco.com/we-can-help/.
Photo by Stefani Reynolds for The New York Times