Study: Affordable Care Act Tax Credits to Average $2,700

GOVERNMENT/LAW 08/16/2013 | 

Families who buy their own insurance instead of obtaining it through an employer will receive an average tax credit of close to $2,700 starting next year, according to a new Kaiser Family Foundation study.

The tax credits are part of federal officials’ strategy for making coverage in the new Affordable Care Act-mandated health insurance marketplaces more affordable for low to middle-income families.

According to the Kaiser Family Foundation, the average tax credit of $2,672 would cover 32 percent of the average premium for a family purchasing a “silver” plan on the new exchanges. People will be eligible if they have incomes between $11,500 and $46,000 as an individual, or between $24,000 and $94,000 as a four-person family.

Source Link:  http://healthcare.dmagazine.com/2013/08/16/study-affordable-care-act-tax-credits-to-average-2700/