Centers for Medicare & Medicaid Services (CMS) Advance Premium Tax Credit (APTC) Update
Aug. 5, 2021
This month, CMS will automatically update APTCs as a result of the American Rescue Plan Act of 2021 (ARP) for those who shop on the Federally Facilitated Marketplace. This update will only occur for members who have not yet updated their applications as of August 2021.
People who have declined an APTC in the past or who currently have a $0 premium will be omitted from this update.
Billing
BlueCross BlueShield of South Carolina will be notified of members with premium changes this month. A member’s bill will reflect the new amount in the September or future bill depending on when we are notified. If the changes do not make the September billing cycle, then a credit for the reduced premium amount along with their new premium will be on the next bill.
Communication to Members
We will only issue a communication to members whose APTC lowered their monthly premium to $0 due this update. Click here to view communication.
Please contact your marketing representative if you have questions or need more information.