More Than 8 in 10 Enrollees Qualify for Financial Help

By William Tomasko

“What’s it going to cost me to get covered?”

If you’re on the ground helping Americans learn more about their new health insurance options, that’s probably one of the most common questions you get.

Today, we’ve got new data on exactly how much financial help consumers are getting to enroll in quality coverage through the marketplaces, leading up to the February 15 deadline. And we know that offering specific information about financial help strongly motivates people to look into their new coverage options.

Here are the highlights from a new Department of Health and Human Services report (with data up-to-date as of January 30):

  • More than 8 in 10 — 87 percent — of people who signed up through the platform qualified for financial help to purchase health coverage.
  • That means almost 6.5 million Americans in 37 states found out they qualified for tax credits worth an average of $268 a month.
  • On average, that tax credit covers 72 percent of an enrollee’s premium.
  • 8 in 10 qualified for a plan that would cost $100 or less a month, but there’s evidence that more consumers are opting for higher quality plans, which offer more value along with a higher monthly cost.

The findings in this report demonstrate how millions of Americans are finding health insurance that meets their needs and their budget.

But in the final stretch of outreach before the February 15 deadline, it’s crucial to show individual Americans how much financial help they, specifically, could qualify for to get covered. Share the Get Covered Calculator to give folks a quick, personalized estimate of how much they could qualify for. It’s available in Spanish, too!

You can also embed the tool on your or your organization’s website.

For too long, quality health coverage was out of reach for millions of Americans who couldn’t afford it. But now that there’s financial help available on the health insurance marketplaces, it’s all of our jobs to make sure people know how they can qualify and how they can sign up.

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