Yesterday, the Supreme Court of the United States ruled that federal premium assistance tax credits, or 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.