You Are Here: Home » State & Nation » ACA offers $50 or less rates for nearly half of single youth

ACA offers $50 or less rates for nearly half of single youth

Special to the Trice Edney Newswire from the Seattle Medium Newspaper

A new report released by the Department of Health and Human Services shows nearly half (46 percent) of single young adults who are uninsured and may be eligible for coverage in the Health Insurance Marketplace could get coverage for $50 or less per month.

“The healthcare law is making health insurance more affordable for young adults,” said HHS Secretary Kathleen Sebelius.  “With nearly half of single, Marketplace-eligible uninsured young adults able to get coverage at $50 or less per month, the health care law is delivering the quality, affordable coverage people are looking for.”

Young adults are the age group most likely to be without health insurance. But through the Health Insurance Marketplace, young adults can purchase quality, affordable coverage and get lower costs on monthly premiums through tax credits. Young adults may also be eligible for Medicaid. The amount an individual can save depends on his or her family income and size.

The report, released Oct. 28, examines data from the 34 federally-facilitated and state partnership marketplaces and finds out of 2.9 million single young adults ages 18 to 34 who may be eligible for coverage in the Marketplace, 1.3 million (46 percent) could purchase a bronze plan for $50 per month or less after tax credits. In the 34 states, a total of 1.9 million young adults, representing nearly seven in 10 (66 percent) of the potentially Marketplace-eligible uninsured ages 18 to 34, may be able to pay $100 or less for coverage in 2014.

According to the report, an additional one million eligible uninsured single young adults may qualify for Medicaid in the states that have opted to expand the program in 2014. The report also shows if each of the 34 states expanded its Medicaid program, the proportion of young adults who could obtain low-cost coverage would be even greater.  If each of the 34 states expanded its Medicaid program, 4.9 million uninsured single young adults would be eligible for Medicaid.

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.

Clip to Evernote

About The Author

Number of Entries : 2690

© 2012 The Michigan Citizen All Rights Reserved | Terms & Conditions | Privacy Policy

Scroll to top