More than 15,000 people in Peoria and Woodford counties will be eligible for new health insurance premium tax credits under the Affordable Care Act in 2014. A report by Families USA says the credits will help more than 900,000 people in the state afford health coverage. Jim Duffett is the Executive Director for the Campaign for Better Health Care. He says there are currently about 1.8 Million Illinoisans who are uninsured.
“This is a good example to show the struggle that the middle class has been having in trying to pay for health insurance. And now, through the ACA there’s nearly a million people will be able to get real effective subsidies to be able to give them some peace of mind for themselves and their kids,” says Duffett.
The tax credits will be determined on a sliding pay scale based on the household income. Families USA says the majority of those eligible for assistance will be in families between the ages of 18-and-34. People can apply for the tax credits beginning in October. They will take effect January 1st of next year.