Did you just open a scary renewal notice from your insurance carrier? 🎃 Take a deep breath: It’s not real.
Like a lot of things in spooky season, that huge number is just a trick! Insurance carriers are legally required to send out renewal notifications before the actual rates are finalized.
Do NOT panic and do NOT make a decision based on that letter.
The real rates will be coming out over the next week, and open enrollment starts on November 1st.
Here’s the plan:
1. Burn that initial scary notice.
2. Wait for the REAL numbers.
3. Run real information with those real numbers on your carrier’s website.
You don’t have to face those frightening numbers alone. That’s what a good broker is for! If you don’t have one now is the time to find a broker (like Ark Insurance Solutions) who can help you sift through the noise and turn that “Halloween trick” into a real and reasonable coverage plan.
Let’s talk now about securing your best healthcare strategy for 2026. Call us at 801-901-7800.
💵 The expanded healthcare tax credits implemented during COVID-19, which helped eliminate the “subsidy cliff” for those earning more than 400% of the Federal Poverty Level (FPL) are set to expire.
⚖️ If Congress doesn’t act, the pre-COVID rules will return. The “cliff” means that if your income exceeds that 400% FPL (or $62,600) threshold by even one dollar, you could lose your entire tax credit and have to pay it back.
Strategic Planning is Key 🗓️
⚠️ For the self-employed and others who make more than 400% FPL, it’s crucial to prepare now.
The existing tax credits aren’t going away entirely, but they will revert to their limited pre-COVID amounts.
If you’re over the $62,600 mark, you may need to look at options other than Healthcare.gov.
In Utah, group plans may be 20-21% less expensive and are a viable alternative for the self-employed to explore immediately.
🗓️ Don’t wait! We must strategize now by considering a group plan. If Congress extends the tax credits by January 1st, we can always cancel and move you back to the individual marketplace during a potential special enrollment period.
Let’s talk now about securing your best healthcare strategy for 2026. Call us at 801-901-7800.
As of this week, the expanded health insurance tax credits are set to expire at the end of the year, exposing millions of Americans to massive premium increases. This isn’t just a healthcare problem; it’s a looming economic crisis that adds immense pressure to household budgets already strained by inflation.
Estimates suggest 4 to 5 million people could lose coverage. Allowing the American public to be dumped off a financial cliff is neither responsible nor realistic. We know the consequence of sudden loss of coverage: nobody walks into the ER expecting a million-dollar bill, yet medical debt is a stark reality for the uninsured.
The Path to a Responsible Off-Ramp:
The long-term answer is not an indefinite expansion of subsidies, as that is not fiscally responsible. The immediate need, however, is clear.
The best path forward is to extend these expanded tax credits to 2026. This extension gives our leaders the necessary time to find real, sustainable ways to cut the underlying costs of healthcare. We must shift the focus back to policies that actually take care of our people and prevent medical bankruptcy.
Key Takeaways & Immediate Action:
🩺 The Problem: Expanded Tax Credits are set to expire 12/31, leading to massive premium hikes.
🩺 The Risk: Millions face financial ruin and loss of coverage immediately.
🩺 The Necessary “Off-Ramp”: Extend tax credits to 2026 to allow time for leaders to find cost solutions.
🩺 The Solution: Brokers Deliver Solutions. They are vital partners in helping consumers find creative strategies to soften the landing and secure protection for their families.
Now is the time for policy leaders to act with vision, and for consumers to seek expert guidance.
Health Insurance Insider – October 23, 2025
/by The Ark Insurance TeamDid you just open a scary renewal notice from your insurance carrier? 🎃 Take a deep breath: It’s not real.
Like a lot of things in spooky season, that huge number is just a trick! Insurance carriers are legally required to send out renewal notifications before the actual rates are finalized.
Do NOT panic and do NOT make a decision based on that letter.
The real rates will be coming out over the next week, and open enrollment starts on November 1st.
Here’s the plan:
1. Burn that initial scary notice.
2. Wait for the REAL numbers.
3. Run real information with those real numbers on your carrier’s website.
You don’t have to face those frightening numbers alone. That’s what a good broker is for! If you don’t have one now is the time to find a broker (like Ark Insurance Solutions) who can help you sift through the noise and turn that “Halloween trick” into a real and reasonable coverage plan.
Let’s talk now about securing your best healthcare strategy for 2026. Call us at 801-901-7800.
Health Insurance Insider – October 9, 2025
/by The Ark Insurance TeamThe Subsidy Cliff & What You Need to Know NOW:
💵 The expanded healthcare tax credits implemented during COVID-19, which helped eliminate the “subsidy cliff” for those earning more than 400% of the Federal Poverty Level (FPL) are set to expire.
⚖️ If Congress doesn’t act, the pre-COVID rules will return. The “cliff” means that if your income exceeds that 400% FPL (or $62,600) threshold by even one dollar, you could lose your entire tax credit and have to pay it back.
Strategic Planning is Key 🗓️
⚠️ For the self-employed and others who make more than 400% FPL, it’s crucial to prepare now.
The existing tax credits aren’t going away entirely, but they will revert to their limited pre-COVID amounts.
🗓️ Don’t wait! We must strategize now by considering a group plan. If Congress extends the tax credits by January 1st, we can always cancel and move you back to the individual marketplace during a potential special enrollment period.
Let’s talk now about securing your best healthcare strategy for 2026. Call us at 801-901-7800.
Health Insurance Insider – October 2, 2025
/by The Ark Insurance TeamAs of this week, the expanded health insurance tax credits are set to expire at the end of the year, exposing millions of Americans to massive premium increases. This isn’t just a healthcare problem; it’s a looming economic crisis that adds immense pressure to household budgets already strained by inflation.
Estimates suggest 4 to 5 million people could lose coverage. Allowing the American public to be dumped off a financial cliff is neither responsible nor realistic. We know the consequence of sudden loss of coverage: nobody walks into the ER expecting a million-dollar bill, yet medical debt is a stark reality for the uninsured.
The Path to a Responsible Off-Ramp:
The long-term answer is not an indefinite expansion of subsidies, as that is not fiscally responsible. The immediate need, however, is clear.
The best path forward is to extend these expanded tax credits to 2026. This extension gives our leaders the necessary time to find real, sustainable ways to cut the underlying costs of healthcare. We must shift the focus back to policies that actually take care of our people and prevent medical bankruptcy.
Key Takeaways & Immediate Action:
🩺 The Problem: Expanded Tax Credits are set to expire 12/31, leading to massive premium hikes.
🩺 The Risk: Millions face financial ruin and loss of coverage immediately.
🩺 The Necessary “Off-Ramp”: Extend tax credits to 2026 to allow time for leaders to find cost solutions.
🩺 The Solution: Brokers Deliver Solutions. They are vital partners in helping consumers find creative strategies to soften the landing and secure protection for their families.
Now is the time for policy leaders to act with vision, and for consumers to seek expert guidance.