What are premium tax credits? Q.What are premium tax credits? A.The Affordable Care Act provides families with refundable, advanceable tax credits to purchase health insurance through exchanges. Premium credits cap contributions as a share of income for families with incomes between 100 and 400 percent of the federal poverty level. Read more about What are premium tax credits?
Who has health insurance coverage? Q.Who has health insurance coverage? A.Ninety percent of nonelderly individuals were covered in 2016, with rates rising sharply with income. The repeal of the individual mandate in 2019 is projected to reduce the percent covered by four percentage points. Read more about Who has health insurance coverage?
What tax changes did the Affordable Care Act make? Q.What tax changes did the Affordable Care Act make? A.The Affordable Care Act made several changes to the tax code intended to increase health insurance coverage, reduce health care costs, and finance health care reform. Read more about What tax changes did the Affordable Care Act make?
