Thursday, September 26, 2013

Uninsured Americans who will be Eligible for Coverage

A report released by the Department of Health and Human Services (HHS) shows that of the 41.3 million individuals who are uninsured and eligible for coverage, 23.2 million (56 percent) may qualify for Medicaid, the Children's Health Insurance Program, or tax credits to purchase coverage for $100 or less per month through the Health Insurance Marketplace. If all 50 states took advantage of new options to expand Medicaid coverage, nearly 8 out of every 10 people (78 percent) who currently do not have insurance could be paying less than $100 a month for coverage under the Affordable Care Act. While some states are expanding their Medicaid programs in 2014, other states are not doing so. Under the health care law, states can receive 100 percent federal funding in 2014 to expand their Medicaid programs to cover people with incomes up to 133 percent of the federal poverty level. That's about $15,800 a year for an individual, or about $32,500 for a family of four. Source: U.S. Department of Health & Human Services

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