Get Tax Credit Through Health Insurance Marketplaces

Almost 6.5 million consumers qualify for an average tax credit of $268 per month through the Health Insurance Marketplaces

The Feb. 15 deadline is just six days away; 8 in 10 consumers can get coverage for $100 or less

The U.S. Department of Health and Human Services released today a report outlining the impact of advanced premium tax credits on premiums in the Health Insurance Marketplaces.

Almost 6.5 million individuals in the 37 states using the HealthCare.gov platform are estimated to qualify for an average of $268 per person/month in advanced premium tax credits.

Among consumers who are signed up for 2015 coverage to date in the 37 HealthCare.gov states, 8 in 10 could choose a plan with a premium of $100 or less after tax credits, based on available options.

These figures underscore the impact of the Affordable Care Act in delivering quality, affordable health care coverage to millions of Americans. With only six days left until the Feb. 15 deadline to sign up for coverage through the Marketplaces, HHS encourages consumers to check out their options for a quality, affordable health care plan.

The vast majority – 87 percent – of individuals who are signed up through HealthCare.gov qualify for financial assistance.

“With just six days left before the February 15 deadline and the end of this year’s Open Enrollment, millions of Americans already are counting on the financial assistance the Affordable Care Act provides to put quality, affordable health insurance coverage within reach,” HHS Secretary Sylvia M. Burwell said. “Consumers who sign up in states using HealthCare.gov are saving $268 a month on their premiums on average, and nearly 8 in 10 could select a plan with a premium of $100 or less with tax credits. This is further proof that the Affordable Care Act is working for the middle class.[…] Read more