1.7M in FL Could Get Lower Premiums

1.7M in FL Could Get Lower Premiums

More than 1.7 million Floridians will qualify for health insurance premium subsidies under the Affordable Care Act, according to a national consulting company report released Tuesday by the consumer group Families USA.  But if surveys are any indication, those who will benefit probably don’t know it.

The premium assistance, which begins Jan. 1, will come in the form of tax credits for low- and middle-income workers and their families. The money will flow directly to the patients’ health plans, which simplifies matters and means patients don’t have to come up with cash and wait for reimbursement.

The premium subsidies don’t require state officials’ approval — unlike another part of the health law, the expansion of Medicaid, which is now stuck in the Florida Legislature.

“The tax credit subsidies are a game-changer,” said Ron Pollack, executive director of Families USA. “They will make health coverage affordable for huge numbers of uninsured families who would have been priced out of the (market).”

Read more here: http://health.wusf.usf.edu/post/17m-fl-could-get-lower-premiums