Nearly 200,000 residents in southwest Ohio would be eligible for premium tax credits to help pay for coverage on Ohio’s new health insurance marketplace being set up under President Barack Obama’s health care reform law, according to a report Thursday from Families USA, a national nonprofit advocacy organization.
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Key findings from Families USA report:
- Statewide, more than 829,000 people — or about 90 percent of Ohioans who will be eligible for premium tax credits — will be in families with a worker who is employed, either full- or part-time.
- Young adults are the likeliest age group to be eligible for premium tax credits, making up approximately 35 percent of all those who will be eligible.
- About 81 percent of the Ohioans who will be eligible for premium tax credits will be white (738,870), non-Hispanics, about 11 percent will be African American (99,120), and about 4 percent will be Hispanic (37,460).
|Help with health care|
|Income-tax credits will be a key way that the federal health-care overhaul helps low- and middle-income Ohioans afford health insurance beginning next year.|
|COUNTY||NUMBER OF RESIDENTS ELIGIBLE FOR PREMIUM TAX CREDITS|
|Darke, Shelby, Preble||13,260|
|Logan, Champaign, Hardin||10,350|
|(Counties grouped together in report)|
|Source: Families USA|
|Tax subsidies are meant to defray the costs of health-care coverage for uninsured lower- and middle-class Ohioans, as well as those who cannot obtain affordable insurance through their employer.|
|INCOME AS PERCENTAGE OF FEDERAL POVERTY LEVEL||INDIVIDUAL||FOUR-PERSON FAMILY|
|ANNUAL INCOME||ANNUAL PREMIUM*||ANNUAL INCOME||ANNUAL PREMIUM*||PREMIUM AS PERCENTAGE OF INCOME|
|*After tax subsidies are applied and based on a basic, comprehensive health-insurance policy|