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PA, FL highest for tax subsidy eligibility

A study from the Kaiser Family Foundation found Florida and Pennsylvania are among the states with the most residents who may be eligible for tax credits for health insurance benefits.

The study conducted a state-by-state analysis of how many residents fit government guidelines for subsidy eligibility. The KFF study used data from the 2012 and 2013 Current Population Survey Annual Social and Economic Supplement. To receive tax credits, residents must be residing legally within the country, fit within a specified income range and choose an exchange-offered plan. The study found this makes 1,587,000 Floridians and 715,000 Pennsylvanians potentially eligible. In addition, 2,545,000 Floridians and 1,276,000 Pennsylvanians may enter the marketplaces to obtain health coverage. 

According to WUSF Public Media, a local Florida news source, Florida is one of three states that make up nearly one-third of Americans who fit within the Affordable Care Act’s tax credit requirements for federal assistance. This means Florida has one of the largest populations of Americans who are eligible for subsidizes.

The Congressional Budget Office projects 20 million Americans who enroll in insurance benefits through the exchanges will receive government tax credits by 2018, according to the study.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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