17M Americans eligible for Obamacare tax credits

17M Americans eligible for Obamacare tax credits

TAX BREAK: A study shows as many as 17 million Americans will get one to help purchase Obamacare. Photo: Associated Press

(Reuters) – As many as 17 million low- to moderate-income Americans should be eligible for tax credits to buy private health insurance under President Barack Obama’s healthcare law in 2014, according to a report by the Kaiser Family Foundation.

The subsidies are a provision of the law that aims to make U.S. health coverage more affordable. Enrollment in the health plans began on October 1, but has been hobbled by technical problems that have halted access to the federal website meant to help people in 36 states verify their eligibility for subsidies and sign up.

The three states with the highest number of individuals who will qualify for the subsidies are Texas, where as many as 2 million people qualify; California, where some 1.9 million people qualify; and Florida, where 1.6 million people qualify, the Kaiser report said. It is based on an analysis of 2012 and 2013 population and economic data from U.S. Census Bureau.

The states with the fewest number of residents to qualify are Vermont, with 27,000 individuals, and the District of Columbia, with 9,000.

Overall, the report estimates, about 29 million people are potential customers for the exchange, including people who currently have no insurance and those who buy private insurance. The number excludes people who would be eligible for the Medicaid program for the poor.

The tax credits are only available for people who apply for coverage through the state-based health insurance marketplace. To qualify, individuals must have incomes of between 100 percent and 400 percent of the federal poverty level, which translates to a range of $23,550 to $94,200 for a family of four.

Those who qualify will be people who are not eligible for coverage from their employer or from Medicaid or Medicare, government insurance programs for the poor and elderly.

Use of the tax credits may vary by state, depending on how well the health insurance websites perform. Fourteen states are running their own online exchanges, and most have been operating more smoothly than

The full report can be found here: at

Recent Headlines

in Music

This week’s top rock tracks


LISTEN: This week's top rock songs, according to the latest Billboard chart.

in Entertainment

REVIEW: Veteran cast can’t save ‘The Martian’


It has all the earmarks of a blockbuster, but still can't shake the feeling of missed opportunity.

in Entertainment

WHAT’S ON: New on Netflix, Amazon & Hulu in October


Get your remotes ready for a binge-worthy weekend of new movies and TV shows.

in Entertainment

‘The Walk’ puts audiences on edge


"The Walk," out in theaters on Friday, tells the story of the quirky Philippe Petit and a misty August morning in 1974 when he strung cables between the Twin Towers and walked across the gaping void.

in Music

Eagles of Death Metal release ‘Zipper Down’


The title of the new Eagles of Death Metal album "Zipper Down" might seem racier than it actually is.