Navigation Links
Zane Benefits Publishes New Information on How Many Americans will Qualify for Premium Tax Credits

Park City, Utah (PRWEB) August 24, 2013

Today, Zane Benefits, the number one online small business health benefits solution, published new information on how many Americans will qualify for premium tax credits.

According to Zane Benefits’ website, Beginning in 2014, the government is providing premium tax credits, also known as health insurance premium subsidies, to help individuals and families who cannot afford health insurance pay for the premiums of their insurance policies purchased through the public health insurance exchanges.

Eligibility will depend on household income. Individuals will only be eligible if their household income is between 100% and 400% of FPL. In addition they cannot have access to affordable coverage through an employer or government program.

It's estimated that 25.7 million Americans will be eligible for a premium tax credit.

According to an analysis by Healthy Families, 56% of those eligible for the premium tax credits have incomes at or above 200% of the FPL, and 44% have incomes below 200% of the FPL. For an individual, 200% FPL is $22,980/year in 2013 (see: FPL charts).

Of the 25.7 million people eligible for the premium tax credits, 88% are from a working (employed) family. Only 12% of eligible individuals are unemployed.

Of those eligible for the premium tax credits, the age group most likely to be eligible for subsidies will be young adults aged 35-54 years old, who make up 36% of the eligible population.

But, just because a person is eligible for a tax subsidy does not mean they will take advantage of it. The Congressional Budget Office forecasts that only 23% of the eligible population will actually take advantage of these subsidies. That means only 6 million people will receive subsidized coverage through an exchange in 2014.

Why? Many Americans are not aware of the provisions in the Affordable Care Act that can help them. The Congressional Budget Office expects the number of people receiving subsidies to jump to 22 million by 2017 with increased awareness and education.

Click here to read the full article.

About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on Maryland Health Insurance Exchange Rates
2. 246 Study Participants Reported the Health Benefits of the TA-65 Telomerase Activator
3. More People Discovering Dry Skin Brushing and Its Benefits: Sublime Beauty Brush Available Now
4. Zane Benefits Publishes New Information on the Delay in ObamaCare Consumer Protection.
5. Zane Benefits Publishes New Information on Health Insurance Broker Exiting
6. Zane Benefits Publishes New Information on Brokers and Defined Contribution
7. Zane Benefits Publishes New Information on Agents and Health Insurance Trends
8. Zane Benefits Publishes New Information on Illinois Health Insurance Exchange Carriers
9. Diet Doc Medical Weight Loss Plans Offers New Pure Fish Oil Capsules That Provide Countless Health Benefits
10. Immigration bill offers big economic boost but no major health benefits
11. Zane Benefits Publishes New Information on How Small Businesses Struggle With Health Insurance
Post Your Comments:
(Date:10/13/2017)... CT (PRWEB) , ... October 13, 2017 , ... ... long-term care services, staged a mock evacuation of the facility as part of a ... Shelton Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well as ...
(Date:10/13/2017)... ... , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has ... least understood books in the Holy Scriptures, Revelation. The Book of Revelation paints a ... centuries. Many have tossed it off as mere rubbish, but Yisrayl Hawkins says that ...
(Date:10/12/2017)... ... October 12, 2017 , ... First Healthcare ... program management, will showcase a range of technology and learning solutions at the ... Convention and Expo to be held October 14–18, 2017 at the Mandalay Bay ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics (ACMI) ... FACMI, during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s ... Morris F. Collen, a pioneer in the field of medical informatics, this prestigious award ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at ... for the 49th Congress of the International Society of Paediatric Oncology (SIOP) ... Center for Cancer and Blood Disorders at Children’s National, and Stephen P. ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... Pa. , Oct. 12, 2017 ... leader in innovative solutions for injectable drug administration, today ... before the market opens on Thursday, October 26, 2017, ... the results and business expectations at 9:00 a.m. Eastern ... (U.S.) or 253-336-8738 (International). The conference ID is 94093362. ...
(Date:10/10/2017)... , Oct. 10, 2017  NDS received FDA 510(k) clearance in ... medical-grade battery-powered display stand specifically designed for endoscopy environments. An innovative ... into a clinical solution to support the improvement of patient outcomes, ... Design ... Solution ...
(Date:10/4/2017)... 4, 2017  According to the Centers for Disease Control and Prevention ... . PhysicianOne Urgent Care is helping communities across Massachusetts ... , by offering no-cost* flu shots through the end of the month. ... health insurance regulations. ... to get a flu shot is by the end of October, according ...
Breaking Medicine Technology: