EAST PROVIDENCE, R.I. (April 14, 2022) HealthSource RI’s Open Enrollment period was held from November 1, 2021 and ended on January 31, 2022. This was a very successful Open Enrollment period for HealthSource RI (HSRI), with enrollments increasing to 31,445 in 2022 compared to 30,071 in 2021. These mark HealthSource RI’s highest enrollment numbers since 2020.
The American Rescue Plan Act (ARPA), enacted by the federal government in February 2021, provided historically high savings in the form of subsidies/tax credits for eligible individuals and families in Rhode Island. ARPA also created a new opportunity for individuals and families whose income is over 400% of the federal poverty level (FPL) to receive financial assistance.
In the month of January 2022, HealthSource RI customers qualified for more than $10 million (28% increase from last year) in financial assistance to make their premiums more affordable. These premium tax credits continue to protect a majority of HealthSource RI’s customers from rising health insurance rates. Since HealthSource RI’s inception, Rhode Islanders have received almost $800 million for financial assistance to lower their monthly coverage costs.
For a more in-depth look at HealthSource RI’s Open Enrollment, read HealthSource RI’s Open Enrollment Report at HealthSourceRI.com/Surveys-and-Reports.
HealthSource RI is the state’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 percent of Rhode Islanders have health coverage, the third highest insured rate in the country. HealthSource RI is the only place Rhode Islanders can receive financial help to pay for their health coverage. Currently, 6 out of 7 HealthSource RI customers received financial assistance.
