Obamacare Will Give Free Health Insurance to Some

Tax subsidies will cover the complete cost of a bronze plan in some areas, HHS says.

Prescription Medicine
National Journal
Clara Ritger
Add to Briefcase
See more stories about...
Clara Ritger
Sept. 25, 2013, 3:49 a.m.

Health in­sur­ance will be free for some Amer­ic­ans on the new Af­ford­able Care Act ex­changes, ac­cord­ing to a Health and Hu­man Ser­vices ana­lys­is re­leased Wed­nes­day on in­sur­ance costs.

The av­er­age premi­um works out to zero after the tax sub­sidy for a fam­ily of four earn­ing $50,000 a year on the low­est-cost bronze plan in Fair­fax County, Virg., Jack­son, Miss., and An­chor­age, Ala., the HHS said. That’s be­cause they will qual­i­fy for enough tax sub­sidies to cov­er the en­tire cost of the plan.

“Yes, people can get a zero premi­um bronze plan after the tax cred­it,” said Gary Co­hen, dir­ect­or of the Cen­ter for Con­sumer In­form­a­tion and In­sur­ance Over­sight at the Cen­ters for Medi­care and Medi­caid Ser­vices, who is re­spons­ible for im­ple­ment­ing the ex­changes.

The zero-dol­lar price tag also means that some fam­il­ies will pay less than in­di­vidu­als for cov­er­age.

“Be­cause premi­ums for older in­di­vidu­als and fam­il­ies are high­er than those for young­er in­di­vidu­als, tax cred­its are lar­ger for older in­di­vidu­als and fam­il­ies,” the re­port says. “There­fore, us­ing tax cred­its to pur­chase a bronze plan may yield lower bronze premi­ums for older in­di­vidu­als and fam­il­ies than for young­er in­di­vidu­als.”

It is un­clear how many fam­il­ies will be eli­gible for such a deal, and if there are oth­er in­come brack­ets that will also qual­i­fy. In Fair­fax County, Virg., for in­stance, a 27-year-old mak­ing $25,000 per year would pay $66 per month for the low­est cost bronze plan cov­er­age and that fam­ily of four mak­ing $50,000 would pay $282 per month if they chose to en­roll in second-low­est sil­ver plan cov­er­age, ac­cord­ing to the HHS re­port.

The study in­cludes new data from states with fed­er­ally-run ex­changes. Com­plete de­tails about premi­ums and plan of­fer­ings will be avail­able, Co­hen said, once the ex­changes open for en­roll­ment on Oct. 1.

What We're Following See More »
NEW FROM THE STATE DEPARTMENT
24 Individuals Report Health Affects from Attacks in Cuba
5 hours ago
THE LATEST
HUSBAND “AN UNBELIEVABLE HERO”
Listen: Soldier’s Widow Shares Video of Her Call with Trump
6 hours ago
THE DETAILS

Natasha De Alencar, widow of Army Staff Sgt. Mark R. De Alencar, shared a video her daughter took of a phone call she received from President Trump following the death of her husband. "Trump opened by saying how sorry he is about the 'whole situation,' before adding that De Alencar’s husband was 'an unbelievable hero.' ... Later in the call, Trump invited De Alencar to the White House, telling her, 'If you’re around Washington, you come over and see me in the Oval Office.'"

Source:
MANY ARE PUZZLED
Robert Mugabe Appointed WHO Goodwill Ambassador
7 hours ago
THE LATEST

"The new head of the World Health Organization has named Zimbabwean President Robert Mugabe a goodwill ambassador for the agency, a move that has startled public health experts...A number of organizations that attended the" Montevideo conference where the appointment was announced "said in a statement after the announcement that they could not recognize Mugabe as a WHO goodwill ambassador."

Source:
TRUMP’S ATTORNEY WAS SET TO TESTIFY ON WEDNESDAY
Senate Intel Postpones Testimony by Cohen
7 hours ago
THE LATEST
CAN LIKELY MOVE THROUGH THE HOUSE WITHOUT CONFERENCE
Senate Passes Budget Bill
10 hours ago
THE DETAILS

"The Senate approved the Republican-proposed budget Thursday night, a major step forward for the GOP effort to enact tax cuts. The budget, which now moves to the House, is projected to expand the deficit by $1.5 trillion over 10 years. Its passage will allow the GOP to use a procedural maneuver to pass tax legislation through the Senate with 50 or more votes, removing the need for support from Democratic senators."

Source:
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login