Federal relief package to mean lower bills for HSRI customers

EAST PROVIDENCE – Thanks to a COVID-19 relief package signed by President Joe Biden, most HealthSource RI customers can expect to pay less for health coverage.

The American Rescue Plan Act includes about $30 million in tax credits to provide financial help for people who purchase health insurance through a marketplace such as HealthSource RI.

HSRI customers will soon see lower premium costs through 2021 and 2022.

Those who are receiving or who are eligible for financial help now will be notified of their savings first, followed by other customers, HSRI says.

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As a result of the relief plan, many HSRI customers will see lower monthly bills. Those who have been receiving unemployment payments may now qualify for further financial help, while others who did not previously qualify for financial assistance may be eligible.

HSRI’s new enrollment period is open through May 15.

Elizabeth Graham is a PBN contributing writer.