Who has health insurance coverage? Q.Who has health insurance coverage? A.Over 90 percent of individuals were covered in 2021, with higher coverage rates for those with higher incomes. Read more about Who has health insurance coverage?
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 over 100 percent of the federal poverty. After 2025, the credit will be less generous and only be available to families with incomes below 400 percent of FPL. Read more about What are premium tax credits?
Which tax provisions subsidize the cost of health care? Q.Which tax provisions subsidize the cost of health care? A.A host of tax preferences for health care cost the federal government roughly $300 billion in income tax revenue in 2022. The largest is the exclusion from taxable income of employer contributions for health insurance premiums. Read more about Which tax provisions subsidize the cost of health care?