A new report released this morning by Families USA finds that roughly 1.6 million New Yorkers will be eligible for premium credits under the Affordable Care Act (ACA)starting in 2014. The vast majority of these will be working families with at least one full-time worker.
These tax credits will come as a relief to both uninsured people who need help getting coverage, and insured people who are increasingly unable to bear the burden of rising costs for coverage. Under the ACA, people who earn less than $73,000 annually (for a family of 3) may be eligible for premium credits.
Click here to read the press release from Families USA.
Click here to read the new Familes USA report, titled “Lower Taxes, Lower Premiums: The New Health Insurance Tax Credit in New York.”
Click here to read HCFANY’s policy brief on the new law.