The premium tax credit (PTC) assists eligible households by lowering the amount of their health insurance premium when they purchase a Qualified Health Plan on the marketplace (NY State of Health). The PTC offsets the amount of the health plan’s premium in the form of a tax credit. The American Rescue Plan Act (ARPA) of 2021 [...]

Effective January 1, 2023, there are increases to non-MAGI Medicaid income and resource limits, as well as increases to the Medicare Savings Program (MSP) income limits. As a result of these changes, more people will qualify for these benefits. In addition, those who already have non-MAGI Medicaid and/or a MSP need to understand what these expansions [...]

Medicare beneficiaries in NY State can enroll in or change Medigap policies at any time of the year. Medigap insurers must file for any rate increase requests with the NYS Department of Financial Services, which oversees Medigap in NYS. Many companies will have rate increases effective January 2023; you can see the Medigap premiums for January [...]

Each year, from October 15 – December 7, Medicare beneficiaries can make changes to their coverage. For individuals who didn’t make a change during this period, it can be difficult to know when and under what circumstances they are allowed to make plan changes. Below are additional events that qualify someone for a Special Enrollment Period [...]