Average Monthly Tax Credit Totals $268 Per Qualified Individual for 2015 Open Enrollment
HHS’ newly-released report indicates that over 80% of new and renewed Federally-facilitated Marketplace enrollees as of January 30 qualify for an advance premium tax credit (APTC). For the 6.5 million that qualify, the average APTC covers approximately 72% of gross premium, providing an average of $268 in monthly subsidies per individual. The agency’s announcement comes amidst a push to enroll individuals during the final week of this year’s open enrollment period and as the legality of the subsidies are being challenged in the Supreme Court King v. Burwell case.
As HHS Gears Up for Final Week of Open Enrollment, Agency Estimates Nearly 10 Million Enrollees and Ramps up Call Center Staff
Obama Administration officials estimated that 9.9 million individuals have enrolled or re-enrolled in coverage nationwide, with 7.5 million signed up through the Federally-facilitated Marketplace (FFM) and at least 2.4 million through State-based Marketplaces. HHS offered a more detailed breakdown of FFM enrollment in its latest weekly enrollment report, showing cumulative plan selections by metro area in several states using Healthcare.gov. Miami-Fort Lauderdale-West Palm Beach in Florida and Atlanta-Sandy Springs-Roswell in Georgia had the most enrollees, with 637,500 and 296,900, respectively. Finally, HHS officials indicated that they are increasing Healthcare.gov call center staff by 40% to prepare for the expected increase in visitors as the February 15 deadline nears.