Trump administration begins mailing out $500 ACA refund checks. Here's what to know
Summary
The Trump administration has started sending $500 refund checks to about 950,000 people in 30 states. These refunds are because some people were charged extra fees for health coverage under the Affordable Care Act (ACA).Key Facts
- The refund checks are for overcharges called "user fees" on ACA health plans.
- People receiving checks mainly live in 30 states that use federal ACA insurance marketplaces.
- Residents in states that run their own ACA exchanges will not get these checks.
- Most recipients have incomes above 400% of the federal poverty level, about $15,960 per year for one person.
- Some people earning between 100% and 400% of the poverty level who didn’t get subsidies will also get checks.
- Texas and Florida have the highest number of people receiving refunds.
- Premium tax credits that helped lower insurance costs ended last year and have not been renewed.
- The refund amount is the same for everyone and does not depend on a person’s health or exact overcharge amount.
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