The provision also removes a cap on subsidies for people earning 400 percent or more of the federal poverty level. Insurers, who for years have been asking Congress to boost the subsidies, are pleased, to say the least. That’s because the Internal Revenue Service is required to reconcile the marketplace subsidies people received with what they’re eligible for. With more generous subsidies under the relief bill, some people might want to switch plans — say, from silver-level coverage to gold-level coverage. That's because they now could receive federal assistance by purchasing a plan on Healthcare.gov or the state-run marketplaces.

Source: Washington Post March 09, 2021 12:33 UTC