U.S. Supreme Court Ruling: Subsidies Will Continue for Federal Marketplace Coverage
June 25, 2015
In a 6-3 decision today, the Supreme Court of the United States ruled that federal premium assistance tax credits (“subsidies”) will continue to be available for qualified individuals who purchase coverage on a Federal Marketplace. The ruling affirmed an earlier decision by the Fourth Circuit Court of Appeals.
Qualified individuals will also continue to be eligible for subsidies for coverage on state-run Marketplaces, which was not in question in the case. The Marketplaces are also commonly referred to as public Exchanges.
The ruling is significant as 34 states offer coverage through Federal Marketplaces, with more than 6.4 million individuals in those states receiving subsidies. This decision does not impact any other Affordable Care Act (ACA) provisions.
Nothing has changed as a result of this decision, and no action is required by individuals in order to continue their health coverage or subsidies.
Cigna's Participation on the Marketplaces
Cigna currently sells individual coverage on Federal Marketplaces in six states (Arizona, Florida, Georgia, Missouri, Tennessee and Texas), as well as two state-run Marketplaces (Colorado and Maryland). This ruling ensures that qualifying individuals living in all these states will continue to have access to subsidies for Marketplace coverage.
For more information on the Supreme Court decision:
- Clients and Brokers: Please contact your Cigna representative.
- In-network Health Care Professionals: Please call 1.800.88Cigna (882.4462).
- Individuals/Customers: Please call the toll-free number on the back of your ID card. A specially trained group of Customer Service Representatives is ready to answer your questions.
- Media: Please contact Jon Sandberg (Jon.Sandberg@Cigna.com; 860.226.7253) or Joe Mondy (Joseph.Mondy@Cigna.com; 860.226.5499).
We encourage you to bookmark Cigna's health care reform website, InformedOnReform.com, where we post the most recent guidance and regulatory information.
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