Texas Health Insurance in 2023 May Change for the Better With New ACA Subsidies


Texas health insurance and the families who have it could benefit from major changes next year now that the current administration is proposing a new rule for Affordable Care Act subsidy access that addresses a longstanding glitch with the ACA’s regulations pertaining to the affordability of employer coverage. According to a report by CNN workers who don’t have affordable health insurance options through their jobs can qualify for subsidized coverage on the ACA exchanges. The report further clarified that a work-based policy is considered affordable if “it costs the employee less than roughly 10% of his or her income for single coverage.” If finalized, the rule would go into effect in January 2023.

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The benefits of such a rule are pretty encouraging as an estimated 200,000 uninsured Americans would gain coverage they didn’t previously have. On top of that, nearly 1 million people would experience reduced premiums. This includes individuals and families with health insurance in Texas. The article goes on to say that the White House would not comment on how much it would cost to eliminate the loophole, though estimates were around $45 billion over 10 years.

Rick Thornton, a health insurance broker in Texas, pointed to the fact that 14.5 million people signed up for 2022 coverage during the current administration’s open enrollment period, and President Biden is expected to sign a new executive order that directs government officials to continue finding ways to expand affordable, quality health coverage. This includes providing educational tools to help people understand their options. And most of them were enticed by the growing number of federal subsidies that drove down the cost of monthly premiums. Fixing a glitch such is expected to lure even more people who haven’t quite taken the plunge and are still uninsured or underinsured.

Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.

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