Nearly 337,000 Oklahomans will be eligible for tax credits next year that will help them pay for health insurance premiums, according to a report released Wednesday.
However, most people who qualify for the tax credits don't know what they are or that they qualify.
Families USA released a report Wednesday that found that most Oklahomans who will be eligible for premium tax credits, or about 90 percent, will be in working families.
Statewide, about 302,000 people — the majority of Oklahomans who will be eligible for premium tax credits — will be in families with a worker who is employed, either full- or part-time, according to the organization's report.
The organization dubs itself as a national health consumer organization and advocates for the expansion of Medicaid, one of the key elements of the federal Affordable Care Act, or “Obamacare.”
Ron Pollack, the executive director of Families USA, called these tax credit subsidies a game-changer.
“They will make health coverage affordable for huge numbers of uninsured families who would have been priced out of the health coverage and care they need,” he said during a news conference.
The U.S. Department of Health and Human Services has created a website, www.healthcare.gov, that has extensive information about tax credits and other aspects of the Affordable Care Act.
In October of this year, the enrollment process will begin for health insurance marketplaces, which are also part of the Affordable Care Act. People who are uninsured, need insurance for a small business or want to explore their insurance options can use the marketplace to find different health insurance options.
During the enrollment process, you will also find out whether you qualify for tax credits. Once you enroll in a qualified health plan through the marketplace, you can control how much of your tax credit you want to use to help pay your monthly health plan premiums, according to Health and Human Services.
If you owe under $729k you may qualify for 3.05% APR Govt Refi Plans.