Question: Our family income is just above the income level to qualify for a health insurance subsidy. We pay almost $1,500 a month for health insurance. That’s too much.
Answer: The American Rescue Plan makes health care coverage more affordable by limiting a family’s required contribution for coverage to no more than 8.5% of household income. In your case — a family of four with an annual income of $105,000 — the monthly premium for the second-lowest silver plan would drop from $1,326 to $743.