Health Insurance Subsidies Expiring Soon

The American Rescue Plan Act (ARPA) enacted a benefit for individuals getting their health insurance through the exchange or healthcare.gov. However, those subsidies are planning to expire at the end of the year if Congress does not extend them. What does that mean for you and how can you prepare?

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LINKS: https://www.kff.org/policy-watch/falling-off-the-subsidy-cliff-how-aca-premiums-would-change-for-people-losing-rescue-plan-subsidies/
https://www.hhs.gov/about/news/2022/06/22/fact-sheet-what-happens-premiums-if-extra-help-american-rescue-plan-expires.html

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.