Affordable Care Act ACA Premium Subsidy Extended : By Derek Baine

Millions of Americans between the ages of 50 and 64 will qualify for help with premiums on health insurance through the Affordable Care Act (ACA) marketplace, and they have until August 15 to enroll.  It’s designed to help people who lost their health insurance because of the job losses created during the COVID-19 pandemic.  New subsidy rules will decrease monthly premiums for many insured through the marketplace by an average of $50.  AARP research found that 5.6 million adults who are over 50 but not old enough to enroll in Medicare do not have access to coverage through their job or a public program.