Health Insurance 2022
Access Health CT Subsidized Health Insurance to Be Available Thru 2025 Thanks to New Federal Law
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Access Health CT (AHCT), Connecticut’s official health insurance marketplace, recently announced that state residents who purchase health insurance on the exchange will continue to receive enhanced subsidies thanks to the Inflation Reduction Act (IRA). — an announcement from Access Health CT
The enhanced subsidies, which were set to expire at the end of the year, are advanced premium tax credits that help Connecticut residents pay for the cost of their monthly health insurance payments. This financial help is now extended for three more years. “The Inflation Reduction Act [IRA] brings down costs for Connecticut residents who purchase health insurance from Access Health CT,” said James Michel, chief executive officer of Access Health CT. Thanks to the legislation, funding will last through plan year 2025, Michel said.