As you may have heard, yesterday the U.S. Senate failed to extend federal Affordable Care Act subsidies. As a result, Governor Lamont announced that the state expects to spend roughly $70 million next year to make up for the loss. These funds will come from a $500 million contingency reserve we created during last month’s special session to address potential federal cuts to safety-net programs.
For individuals earning up to $56,000 a year, health care costs will remain unchanged. Likewise, a family of four with an annual income of up to approximately $128,000 will see little to no change in their costs.
This is expected to benefit 4,000 Stratford residents.
Partial subsidies are being considered for those with slightly higher incomes, up to $75,000 for single individuals and $160,000 or more for a family of four who would pay slightly more than they do now.
When Washington walks away, Connecticut steps up to protect health care costs for thousands of residents. |
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