key provisions of the Affordable Care Act (ACA) have created statewide markets for people to directly buy insurance, also providing tax credits to eligible individuals premiums low income. Under the law, those with incomes between 100 and 400 percent of the federal poverty level may qualify for credits when they purchase a blanket. The exact number of people who would qualify for premium tax credits has been widely speculated in the past, but not known with certainty.
Based on their recent study, KFF estimates that about 17 million people who are currently uninsured or who buy insurance on their own (non-group) will be eligible for premium tax credits in 2014 help purchase coverage through online marketplaces or exchanges.
Another breakdown of the figures shows that over a third of those eligible resident in one of three states; California with nearly 2 million, 2 million Texas and Florida with 1.6 million. These States also have the largest number of uninsured residents and therefore the greatest number of eligible tax credits.
Those eligible for other types of public or private coverage, such as Medicaid or plan provided by the employer, can not receive the tax credits. Ditto for those present illegally in the country or imprisoned. The amount of received tax credit depends on household income and the size and cost of health insurance in their state. The percentages can vary from 2 percent to 9.5 percent of income.
In addition, about 29 million people could use the new insurance markets to buy coverage. In some states, the number of people affected is more important; like Alaska with 71 percent eligible, Louisiana with 70 percent and more.
To see if you may qualify for a tax subsidy, visit GoHealth market.
0 Komentar