Navigation Links
Zane Benefits Publishes New Information on How Many Americans will Qualify for Premium Tax Credits
Date:8/24/2013

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 http://www.zanebenefits.com.

Read the full story at http://www.prweb.com/releases/2013/8/prweb11049337.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:5/27/2016)... NY (PRWEB) , ... May 27, 2016 , ... This ... of a stroke, which we as a society can control and change. , As ... occurs nearly every 40 seconds within the United States. Plus, with an estimated 129,000 ...
(Date:5/27/2016)... , ... May 27, 2016 , ... Beleza Medspa ... body fat composition regulations. This is the first time that Coolsculpting is being ... at least every six months to ensure they meet the prescribed body-fat standard, measured ...
(Date:5/27/2016)... ... May 27, 2016 , ... Each year ... medicine. Allison Outerbridge is this year’s Life University winner of a ... the university’s Student Leadership Awards ceremony. , Outerbridge is approaching her last quarter ...
(Date:5/26/2016)... ... May 26, 2016 , ... There are many ways to cook ... Council (NHDSC) suggests that Americans prefer their dogs straight off the grill. Of the ... is their favorite way to cook a hot dog, far outpacing other cooking methods ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... outcomes, hosted members and suppliers for its inaugural Member Conference at the Paris ... mission of elevating the operational health of America’s healthcare providers. , The conference ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... Since its commercial introduction in ... life science tool for conducting genetic studies in a ... in its new report that the industry sits on ... by a range of new applications in the clinical ... http://photos.prnewswire.com/prnh/20140723/694805 ) , Since the Human ...
(Date:5/25/2016)... and GERMANTOWN, Maryland , May 25, 2016 ... ; Frankfurt Prime Standard: QIA) today announced that the company ... Diagnostics GmbH to develop and commercialize predictive assays in oncology. ... as a marker to predict effectiveness of anthracycline treatment in ... "We are pleased to partner with Therawis, which developed the ...
(Date:5/25/2016)... Florida , May 25, 2016 ... Conference & Expo earlier this month, the numbers and ... revenues continue to climb into the billions, more research ... newly released 4th Edition State of Legal Marijuana Markets ... a cannabis-focused data-analysis firm, much of the increase in ...
Breaking Medicine Technology: