About 4 in 10 Could Obtain Bronze Plan at No Cost

November 10, 2017 - A new Kaiser Family Foundation analysis finds that more than half (54% or 5.9 million) of the 10.7 million people who are uninsured and eligible to purchase an Affordable Care Act marketplace plan in 2018 could pay less in premiums for health insurance kaiser family foundation logothan they would owe as an individual mandate tax penalty for lacking coverage.

Within that 5.8 million, about 4.5 million (42% of the total) could obtain a bronze-level plan at no cost in 2018, after taking income-related premium tax credits into account, the analysis finds.

Most people without insurance who are eligible to buy marketplace coverage qualify for subsidies in the form of tax credits to help pay premiums for marketplace plans (8.3 million out of 10.7 million). Among those eligible for premium subsidies, the analysis finds that 70 percent could pay less in premiums than what they’d owe as a tax penalty for lacking coverage, with 54 percent able to purchase a bronze plan at no cost and 16 percent contributing less to their health insurance premium than the tax penalty they owe.

Among the 2.4 million uninsured, marketplace-eligible people who do not qualify for a premium subsidy, 2 percent would be able to pay less for marketplace insurance than they’d owe for their 2018 penalty, the analysis finds.

The Affordable Care Act’s individual mandate requires that most people have health coverage or be subject to a tax penalty unless they qualify for certain exemptions. The individual mandate is still in effect, though Congress may consider repealing it as part of tax legislation.

Consumers can compare their estimated 2018 individual mandate penalty with the cost of marketplace insurance in their area with KFF’s new Individual Mandate Penalty Calculator.

The deadline for ACA open enrollment in most states is Dec. 15, 2017.
Source: KFF
Solar
'Click' For More Info: 'Chocolate Soup', Fine Home Accessories and Gifts, Located In Mariposa, California
'Click' For More Info: 'Chocolate Soup', Fine Home Accessories and Gifts, Located In Mariposa, California
'Click' For More Info: Laura Lee’s Auto Sales in Mariposa… “I can find any car you want!”
'Click' For More Info: Laura Lee’s Auto Sales in Mariposa… “I can find any car you want!”
'Click' Here For All Creatures Veterinary Hospital in Mariposa, CA
'Click' Here For All Creatures Veterinary Hospital in Mariposa, CA
‘Click’ for Mariposa Auto Trim: Get Your Glass Repaired or Replaced at ‘Mariposa Auto Trim’ in Mariposa, California
‘Click’ for Mariposa Auto Trim: Get Your Glass Repaired or Replaced at ‘Mariposa Auto Trim’ in Mariposa, California
'Click' For More Info: ‘California State Mining & Mineral Museum’ Located in Mariposa, California
'Click' For More Info: ‘California State Mining & Mineral Museum’ Located in Mariposa, California
'Click' For More Info: ‘Mariposa Museum & History Center’ Located in Historic Mariposa, California
'Click' For More Info: ‘Mariposa Museum & History Center’ Located in Historic Mariposa, California
'Click' For More Info: Foster Ace Hardware...the Helpful Place for All your Home and Hardware Needs In Mariposa, California
'Click' For More Info: Foster Ace Hardware...the Helpful Place for All your Home and Hardware Needs In Mariposa, California
'Click' For More Info: Sugar Pine Café Located in Historic Mariposa, California
'Click' For More Info: Sugar Pine Café Located in Historic Mariposa, California
'Click' For More Info: Inter-County Title Company Located in Mariposa, California
'Click' For More Info: Inter-County Title Company Located in Mariposa, California
'Click' For More Info: Butterfly Creek Winery Located in Mariposa, California
'Click' For More Info: Butterfly Creek Winery Located in Mariposa, California
'Click' here to visit Happy Burger Diner in Mariposa... "We have FREE Wi-Fi, we're Eco-Friendly & have the Largest Menu in the Sierra"
'Click' here to visit Happy Burger Diner in Mariposa... "We have FREE Wi-Fi, we're Eco-Friendly & have the Largest Menu in the Sierra"
*New Link* 'Click' here for more info! Host a party to earn FREE Scentsy or place an order to support a local businesswoman. Thank You!
*New Link* 'Click' here for more info! Host a party to earn FREE Scentsy or place an order to support a local businesswoman. Thank You!
'Click' Here to Visit: 'Yosemite Bug Health Spa'... "We provide a beautiful and relaxing atmosphere... Come in and let us help You Relax"
'Click' Here to Visit: 'Yosemite Bug Health Spa'... "We provide a beautiful and relaxing atmosphere... Come in and let us help You Relax"