Beginning in 2014, the federal government is providing premium tax credits (also referred to as health insurance tax credits or subsidies) to help lower the cost paid for individual health insurance premiums purchased through the public health insurance exchanges.
How many Americans are eligible, and who are they? An infographic by Familes USA provides an interesting look at these numbers.
According to the infographic and analysis by Families USA, more than 25.7 million Americans will be eligible for premium tax credits. Here's a snapshot of who is eligible:
56% are low- and middle- income families (14.4 million)
88% are working families (22.7 million)
36% are young adults (9.2 million)
58% are white, 23% hispanic, and 11% black (10.8 million a cultural minority)
Note: Eligibility numbers vary by source and analysis -- ranging from 17 million Americans eligible and upwards.
Infographic - Number of People Eligible for Help with Buying Health Insurance
Disclaimer: This infographic was created by Families USA. The views represented in these infographics do not necessarily reflect the views of Zane Benefits, its staff, or its affiliate partners.
For more information on the Families USA analysis and numbers, see How Many Americans Will Qualify for Premium Tax Credits?
How Many Americans Will Actually Sign Up?
Naturally, the next question is how many and who will actually sign up for health insurance through the Marketplaces and access the premium tax credits. The Congressional Budget Office forecasts 6 million people will receive subsidized coverage through an exchange in 2014. Only time will tell for sure.
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