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Nearly 940,000 Sign Up for Obamacare Coverage Through April

May 6, 2021, 3:10 PM

Roughly 469,000 people signed up for Obamacare coverage in April, pushing the number of Americans who’ve enrolled through HealthCare.gov to nearly 940,000 during the special enrollment period that began on February 15.

The new plan selections during the reopening of represents a substantial increase over enrollments during the same period in 2020 and 2019, when 391,000 and 266,000 consumers signed up for coverage, respectively, the Centers for Medicare & Medicaid Services reported Thursday.

Signing up for Obamacare plans outside the regular enrollment period in the fall is generally reserved for qualifying life events like the birth or adoption of a child or a job change. This year, the Biden administration opened the bonus period to all Americans due to the Covid-19 public health emergency.

Under terms of the American Rescue Plan passed by Congress earlier this year, most consumers qualify for more generous tax credits that help cover the cost of monthly premiums. Roughly 1.9 million consumers have returned to the marketplace and used the enhanced tax credits to lower their premiums by over 40%, from $100 to $57 a month, on average, the CMS said.

“Families and individuals are signing up for high-quality insurance that the American Rescue Plan made more affordable,” said a statement from Health and Human Services Secretary Xavier Becerra. “Across America there is a need and demand for high-quality, low-cost health insurance. That’s why we are doing all we can to reach people who need coverage.”

To contact the reporter on this story: Tony Pugh in Washington at tpugh@bloomberglaw.com

To contact the editor responsible for this story: Fawn Johnson at fjohnson@bloombergindustry.com

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