White House Ends ACA Subsidies
The White House announced on Oct. 12 that it will end reimbursements for low-income individuals who purchase insurance through the Exchanges. The cuts are effective immediately.
This Affordable Care Act (ACA) decision will likely affect the open enrollment period beginning Nov. 1. Some states have indicated their intention to sue the federal government to force these subsidies to be paid. However, until a federal court intervenes or Congress enacts an appropriation for these payments, it is possible that these cost-sharing reductions will no longer be paid.
Read more information on the announcement that the White House will end ACA subsidies. Contact your employee benefits consultant at Cornerstone for additional assistance.
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