Virginia set up a $150 million healthcare program at the state level to try to make a dent in the cuts coming from the Trump administration.
Open enrollment in Virginia’s Insurance Marketplace started on Sunday, and it would be worth it for folks looking at their options there to see if they qualify for the new Virginia Premium Savings program.
The goal for lawmakers and Gov. Abigail Spanberger was that the new program would lower healthcare premiums by as much as 70 percent, but per a release from the governor’s office, new estimates show that some Virginians will see their premiums decrease by more than 90 percent.
More than 50,000 Virginians could qualify for a $0 monthly premium because of these affordability investments.
“Every Virginian deserves access to quality, affordable healthcare, and I want to make sure no one misses an opportunity to get covered just because they think they can’t afford it,” Spanberger said. “Through the Virginia Premium Savings program, we’re helping to make healthcare more affordable for families across the Commonwealth — with some seeing their monthly premiums lowered by 90 percent.
“During open enrollment, I’m encouraging Virginians to look at their options and see what kind of savings are available to them,” the governor said.
The new state investments come after President Trump and his allies in Congress let federal tax credits expire – the good news there being, Republicans only did that so that billionaires could get bigger tax breaks.
That’s good news if you’re a billionaire reading this.
Nearly 100,000 Virginians did not reenroll in Virginia’s Insurance Marketplace due to the expiration of the federal tax credits.
To browse options, compare 2027 plans, and see if you qualify for Virginia Premium Savings, Virginians can visit marketplace.virginia.gov.
The open enrollment period runs from Nov. 1, through Jan. 29.
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Chris Graham
