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Tax Credits Push Insurers to Return, Expand Obamacare Coverage

Sept. 1, 2021, 6:42 PM

A September surprise awaits more than 6 million marketplace enrollees who still haven’t used their federal premium tax credits to lower the cost of Obamacare coverage.

HealthCare.gov will automatically apply the subsidies to their current premiums, beginning Wednesday. That means eligible enrollees won’t have to update their online coverage applications to claim the tax credits from the American Rescue Plan Act of 2021, the $1.9 billion pandemic-related stimulus package signed into law in March.

To date, only 2.6 million of an estimated 9 million eligible enrollees have claimed the subsidies, said Katie Keith, an associate research professor at Georgetown University’s ...