New York state has expanded tax credits available through NY State of Health, New York’s health plan marketplace.
The expansion will result in more New Yorkers being eligible for financial assistance and the further reduction in health insurance premiums in New York state, officials said.
Through the American Rescue Plan, which President Joe Biden recently signed into law, increased tax credits are available to more than 150,000 consumers who are already enrolled in coverage, further lowering health care costs.
In addition, in June 2021, NY State of Health will for the first time expand tax credits to tens of thousands of additional New Yorkers with higher incomes who, before the American Rescue Plan, did not qualify for financial assistance to lower the cost of premiums, officials said.
It was also announced that the 2021 Open Enrollment Period will be extended through the end of this year. The announcements come on the 11th anniversary of President Obama signing the Affordable Care Act into law.