In this episode of Managed Care Cast, we chat with the author of an article that appeared in the August issue of The American Journal of Managed Care® about tax credits on health insurance premiums purchased in the market health care, which was recently extended for 2 years with the signing of the Inflation Reduction Act.
The Inflation Reduction Act, signed this month, extends tax credits on health insurance premiums purchased in the healthcare market for another 2 years. Credits have been included in the American Rescue Plan Act 2021 and were due to expire at the end of this year.
Vicki Fung, PhD, is a research associate at the Mongan Institute Health Policy Center, Mass General Research Institute, and lead author of “Premium Tax Credits in the American Rescue Plan and Off-Marketplace Enrollees,” published in the August issue of The American Journal of Managed Care®. In this episode of Managed Care Cast, she details how expanded premium tax credits are helping individuals buy insurance in the marketplace. It also discusses the important differences between these plans and the coverage taken out by employees, the pros and cons of each, and the difficulties in deciding whether or not to switch coverage.
This interview was conducted before President Joe Biden signed the Inflation Reduction Act.
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