Here’s what you need to know:
1. KFF factored premium tax credit estimates by county for ACA enrollees aged 27, 40 and 60 with annual incomes of $20,000, $30,000, $40,000, $50,000, $75,000 and $100,000, respectively.
2. Most current ACA enrollees earn lower incomes:
- 66 percent of enrollees will earn approximately $31,250 or less in 2020
- 44 percent will earn $18,750 or less in 2020
3. Most ACA enrollees are under 55 years old:
- 37 percent are between 35 years old and 54 years old
- 36 percent are under 35 years old
- 27 percent are at least 55 years old
4. Enrollees’ age, income and location all impact tax credits:
- People who are older, have lower-incomes or live in low-premium areas (Alaska, Arizona etc.) generally receive larger tax credits under the ACA than they would under the AHCA
- People who are younger, earn higher-incomes or live in low-premium areas (Massachusetts, New Hampshire, Washington etc.) may receive larger assistance under the replacement plan
5. The ACA and the AHCA differ in their credit calculation approaches:
- ACA factors family income, local cost of insurance and age into enrollees’ accounts
- AHCA factors age into tax credit approximations and phases out individuals with incomes above $75,000
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