Tuesday, September 14. 2010Healthcare tax cuts to help working families
Help is on the way for families who struggle to pay their health insurance premiums. Millions of middle-income Americans will qualify for tax credits in 2014, according to data released by consumer health organization Families USA.
Those who work for small employers stand to benefit the most from tax cuts, according to the data. More than 50 percent of those who will be eligible for the tax credit work for a company with less than 100 employees. Furthermore, the data reveals that 66 percent of those who will be eligible for the tax credit will have an annual income of $44,100 for a family of four. Families USA executive director Ron Pollack says the tax cuts will help families in need. "This is one of the largest middle-income tax cuts in history, and it will enable many hard-working Americans to afford private health insurance premiums that continue to stretch family budgets," said Pollack. Under healthcare reform, employers with less than 100 employees will be able to purchase coverage through an exchange. Policies purchased through an exchange may offer lower health insurance quotes since they have lower administrative fees. |
QuicksearchCalendarRecent Articles
Categories |
