According to new data released by HHS, Americans who enrolled in private health plans through the federal exchange qualified for tax credits that covered about 76% of their monthly premium payment. In addition, 87% of Americans who purchased coverage through the exchange were eligible for subsidies. Experts say it’s critical that Americans know about the subsidies; surveys have shown that many uninsured individuals who did not sign up for coverage said they could not afford it and many said that they did not even know about the subsidies. However, it is important to know that many of the exchange plans have high deductibles, coinsurance, and co-pays when individuals actually seek treatment.
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