North Carolina will receive health insurance premium subsidies

Adam connector bypass community groups in North Carolina Affordable Care Act.

Most people understand that the law requires that everyone have insurance, or pay a fine.

However, many people are confused about one of the most important provisions - tax credits that will help thousands of low-income families pay insurance through the new health insurance market, also known as exchange.

Connector, NC Justice Center, an advocacy group for the poor, a policy analyst, said: "This is one of the things that they know the least about.

Will be eligible for about 869,000 people in North Carolina, including more than 80,000 people in Mecklenburg County alone, according to the American Family, a national non-profit health care consumers.

"This very depth of the middle class, covers middle-income people, said:" Ron Pollack, executive director of the American family.

The tax credit subsidies will be paid directly to the insurance company premium due, Pollack said.

To qualify, you must have between 100-400 percent of the federal poverty level of personal or family income, Pollack said. A family of four earning up to $ 94,200 would qualify, the individual will be eligible with income of up to $ 46,000.

Generally speaking, people do not qualify for subsidies if they are eligible for medical insurance through employers or government programs.

The size of the tax credit will be based on a sliding scale; income lower, the higher the subsidy. Here are examples from some of the assumptions of the American family:

• a $ 23,000 annual income for a single person aged 45, the annual premium for silver insurance plan will be $ 5,000. The federal government will fund the $ 3,550 contribution pocket is 121 yuan per month (or $ 1,452 per year).

• $ 35,500 annual income for a family of four silver plan, the annual premium of $ 12,500. The subsidies will be almost $ 11,000, and their pockets will be $ 118 per month (or $ 1,400 per year).

"Man, this is a big discount," Linker.

October enrollment AC. Tax credit took effect in January, everyone's insurance needs.

In need of assistance, will be able to purchase insurance "navigator", they will receive training, provided by the federal government's new insurance market information and advice. In North Carolina, community groups to apply for federal funding to hire these navigators, Linker said, the most likely to volunteer.