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:2/22/2017)... ... February 22, 2017 , ... Using the power of the internet, IdrisArkette.com ... checklist. Over a period of just 24 months, thousands of individuals interested in a ... called T.A.D. , “The internet is not getting quieter. In fact it’s becoming noisier ...
(Date:2/22/2017)... Beach, FL (PRWEB) , ... February 22, 2017 , ... ... Wrestling Legend Kurt Angle, is now available on the App Store and ... and award-winning mobile apps for the addiction and recovery industry, partnered with Angle to ...
(Date:2/22/2017)... ... February 22, 2017 , ... ... to spine practices, is featuring Michigan neurosurgeon Jay Jagannathan, M.D., as a “Spine ... a small number of neurosurgeons in Michigan performing minimally invasive back surgery that ...
(Date:2/22/2017)... ... 22, 2017 , ... A product of digesting a micronutrient found in soy ... from eating soy foods, while others do not, a University of Pittsburgh Graduate School ... equol—a substance made by some types of “good” gut bacteria when they metabolize isoflavones ...
(Date:2/22/2017)... , ... February 22, 2017 , ... ... and 72 percent of those report that family members or friends have also ... they suffer from hearing loss wear hearing aids. One reason, suggested by 89 ...
Breaking Medicine News(10 mins):
(Date:2/22/2017)... 2017 Merrimack Pharmaceuticals, Inc. (Nasdaq: MACK ... Quarter 2016 investor conference call and webcast at 8:30 a.m., ... call will cover an update on Merrimack,s recent progress as ... 2016 financial results. A press release detailing the information to ... of Wednesday, March 1. Investors and the general public are ...
(Date:2/22/2017)... , Feb. 22, 2017 Summary ... heart failure partnering deals and agreements entered into ... the full report: http://www.reportlinker.com/p03605673-summary/view-report.html Description ... report provides understanding and access to partnering deals ... healthcare companies. - Trends in partnering ...
(Date:2/22/2017)... NEW YORK , Feb. 22, 2017 ... non-small cell lung cancer partnering deals and agreements entered ... the full report: http://www.reportlinker.com/p03605668-summary/view-report.html Description The ... since 2010 report provides understanding and access to partnering ... healthcare companies. - Trends in partnering deals ...
Breaking Medicine Technology: