Nearly 26 million Americans will be eligible for premium tax credits that will help them pay for health coverage through the Patient Protection and Affordable Care Act, according to a new report.
The report from the national health consumer organization Families USA focuses on the consequences of one of health reform’s central provisions.
The tax credits under PPACA will be determined on a sliding scale based on income. People with the lowest incomes will receive the largest tax credits, ensuring that those who need it most will get the greatest financial assistance. Premium tax credits take effect in January 2014, following an open enrollment period that begins in October of this year.
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.