Wed, 05/12/2021 - 5:21pm tim
Vermont Business Magazine The American Rescue Plan Act (ARPA) signed into law in March 2021 expands eligibility for federal premium tax credits in 2022, making them available to individuals with incomes above 400 percent of the federal poverty level. ARPA also increases the amount of federal premium tax credits available in 2022 to individuals at lower income levels. More information is available at https://info.healthconnect.vermont.gov/ARPA.
Taking advantage of the enhanced subsidies available to individuals under ARPA, the Vermont Legislature has “unmerged” the individual and small group markets for 2022. Unmerging the individual and small group markets is expected to lower small group premiums and increase individual premiums from what they otherwise would have been, with the enhanced subsidies offsetting the increased premiums in the individual market. These changes will not impact how individuals, families, and small businesses purchase heal