In a 6-3 decision on Thursday, the Supreme Court of the United States ruled that federal tax credits, also known as subsidies, will continue to be available for qualified individuals who apply for and purchase health insurance on the Federal Marketplace.
This decision, which was in response to the case, King v. Burwell, was a highly anticipated verdict. Earlier this year, I had provided a newsletter reviewing this Supreme Court case. Click here to read more about ACA…
How does this decision impact you? At this time, it means that nothing is changing with this component of the law. Subsidies are still available in Missouri via healthcare.gov for ACA individual plans. And for those of you on group plans or grandfathered plans, you will be able to continue to stay on your plan through your renewal.
On a separate note, there is much activity in the health insurance industry concerning potential mergers. Anthem Blue Cross has made an offer to purchase Cigna. Aetna is in negotiations with Humana. And United Healthcare is also in the mix. These potential mergers may have a significant impact on the access to providers, pricing and quality of care moving forward. I will be staying on top of these items throughout the year.
Thank you for allowing me to work with you on your insurance needs. Have a safe and fun 4th of July.