Ending Cost-Sharing Reduction Payments Will Hurt Older Adults

Federal subsidies, known as cost-sharing reductions (CSRs), have been critical to ensuring that over 2 million lower-income adults ages 50 to 64 who purchase coverage through health insurance Marketplaces can afford health care.[1] Despite the subsidies’ crucial role, the Administration announced yesterday that it will terminate payments for CSRs. The announcement—which comes less than 3 weeks before millions of Americans who buy insurance on the individual market start shopping for 2018 health coverage— is bad news for older adults and people …

MacArthur Amendment to AHCA Would Mean Higher Premiums for Age and Preexisting Conditions

We already know that health insurance legislation known as the American Health Care Act (AHCA) is a bad deal for older Americans ages 50-64. For people who purchase coverage on their own in the individual (nongroup) market and are not yet eligible for Medicare, the bill would significantly increase premiums for all older adults and spike costs dramatically for lower- and moderate-income older adults. Now a bad bill just got worse. The House is considering a new amendment introduced by …

Proposed Tax Credits Raise Affordability Concerns for Older Adults

Did you know that over 3 million older adults ages 50-64 rely on Affordable Care Act (ACA) tax credits to purchase health coverage? In fact, pre-ACA, almost half of them were uninsured. These credits help older adults with low to moderate incomes offset some or all of the cost of their health insurance premiums. They are a critical form of financial assistance for those without access to health insurance through an employer or public program. The American Health Care Act …

Protecting Affordable Health Insurance Premiums for Older Adults

The Affordable Care Act (ACA) established a 3-to-1 limit on age rating of health insurance premiums, meaning that older adults who purchase coverage on their own cannot be charged more than three times the amount a younger person is charged for the same health plan. This important provision protects consumers by limiting the amount health insurance companies can charge people based on their age. Recently, some have called for weakening or eliminating the ACA’s limit on age rating, which would …

How Has the Affordable Care Act Affected Americans Ages 50-64?

En español | As we approach the end of the Affordable Care Act (ACA)’s third health insurance open enrollment period, it’s a good time to look at how the ACA has affected older Americans. The ACA aims to make health insurance more accessible and affordable for all Americans. Before the ACA, out-of-pocket costs were rising and health insurance access declining among adults ages 50-64, an age group not yet eligible for Medicare. To assess the ACA’s impact on those ages …