New federal analysis shows 15,000 Connecticut residents now buying individual health coverage outside of the state exchange may be eligible for Affordable Care Act premium tax credits in 2017.
Since the Affordable Care Act became law, millions of Americans gained or paid less for coverage using premium tax credits available through the Health Insurance Marketplace, or state exchanges like Access Health CT.
On Tuesday, the U.S. Department of Health and Human Services (HHS) released data showing that 15,000 Connecticut residents who currently purchase “off-marketplace” individual coverage may qualify for tax credits if they shop for 2017 coverage through the state exchange.
Nationally, the report finds that 2.5 million Americans who currently purchase off-marketplace individual coverage may qualify for tax credits.
Marketplace consumers who qualify for financial assistance usually have the option to buy coverage with a premium of less than $75 per month, said HHS Secretary Sylvia M. Burwell.
