The federal government issued final regulations that provide guidance for individuals who enroll in qualified health plans through health exchanges and claim the premium tax credit, and for exchanges that make qualified health plans available to individuals and employers.
Mandated by the PPACA, the credit applies to individuals and families who are enrolled in insurance exchanges and whose income is between 100 percent and 400 percent of the federal poverty level. In 2011, families of four with incomes of $22,350 to $89,400 could have qualified for the credit, officials say.
And—citing estimates from the Congressional Budget Office—the average credit for eligible individuals and families could be about $5,000 per year, officials say.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.