Historic level of financial assistance is now available through HealthSource RI
- New Enrollment Period has been extended through August 15, 2021, adding three months to the previous May 15, 2021 deadline.
- Starting April 1, most HSRI customers will have a lower monthly bill.
- Beginning in summer 2021, HSRI will make more financial assistance available to people who previously did not qualify to receive it based on their income.
- Individuals and families who have received unemployment payments in 2021 will be newly eligible for additional financial help for this year or may qualify for health coverage at no cost.
- Rhode Islanders should enroll in coverage as soon as possible to take full advantage of these new benefits.
- The deadline to enroll is August 15, 2021.
EAST PROVIDENCE, Rhode Island, March 25, 2021 — HealthSource RI’s New Enrollment Period has been extended through August 15, 2021, following President Biden’s decision to create another opportunity for Americans to sign up for health coverage. The extended deadline gives new and current customers a chance to receive new savings created by the American Rescue Plan (ARP). Eligible Rhode Islanders will receive increased tax credits to help reduce their monthly coverage costs through HealthSource RI, and most customers will qualify for this additional financial help.
Most Rhode Island individuals and families who are enrolled in health coverage through HSRI for 2021 and 2022 will be eligible to receive additional financial help to lower their monthly coverage costs. HSRI is conducting outreach to current customers to provide this additional financial assistance. Due to the changes made by the ARP, for example, an eligible Rhode Island family of with $60,000 annual income could save $2,650 this year. Additionally, starting this summer, an eligible Rhode Island family or individual who has received unemployment assistance in 2021 will be able to sign up for coverage and receive the maximum amount of financial support available.
“Increasing access to affordable health coverage for Rhode Islanders and their families is more important than ever,” said Governor Dan McKee. “As our communities continue to respond to the COVID-19 pandemic, President Biden’s American Rescue Plan provides an opportunity for our neighbors to receive the financial support they need to recover and prosper. I urge Rhode Islanders who need it to take advantage of this extended enrollment period. “
Currently, over 30,000 Rhode Island individuals and families are enrolled in affordable high-quality, low- or no-cost coverage through HSRI. In 2020, Rhode Island maintained one of the highest insured rates in the country, with 96% of residents covered, at a time when the national uninsured rate was 12.5%.
Since HSRI’s inception, Rhode Islanders have received more than $600 million in federal financial help to lower their monthly coverage costs. HSRI is the only place where Rhode Islanders can apply for financial help. In January 2021 alone, HSRI customers qualified for more than $8 million in financial assistance to help lower their monthly costs. These new changes at the federal level represent an additional $30 million dollars in annual financial help for HSRI customers.
HealthSource RI is here to help – reach out to us:
- Visit HealthSourceRI.com/NEP to learn more about HSRI’s New Enrollment Period (NEP).
- Visit HealthSourceRI.com/ARP to learn more about increased financial assistance opportunities.
- Connect with a live web chat agent on HealthSourceRI.com (available in English and Spanish).
- Call HealthSource RI at 1-855-840-4774.
- Join one of HealthSource RI’s virtual Info Sessions. Visit HealthSourceRI.com/Events to learn more.
About HealthSource RI:
HealthSource RI is the state of Rhode Island’s health insurance marketplace. It’s our mission to help Rhode Islanders easily navigate the complex health insurance landscape and enroll in a plan that works best for their individual and family needs. Since 2013, HealthSource RI has decreased the uninsured rate by more than two thirds. Today, 96% of Rhode Islanders have health coverage, the third lowest uninsured rate in the country.