Tennesseans claimed $124M in health care subsidies
CHATTANOOGA, TN (Times Free Press) -
Tennesseans have picked up more than $100 million in federal tax credits to help pay for health plans bought through the new health insurance marketplace, but that is just a fraction of what they were eligible for during the enrollment period, a new report finds.
The majority of Tennesseans who enrolled in one of the Obamacare plans qualified for federal payment assistance, and together those shoppers took in $124 million in federal tax credits to put toward their premiums in the new exchanges.
But overall, just 16 percent of Tennesseans eligible for such assistance had taken advantage of it by the end of February, a study released last week by the Kaiser Family Foundation shows.
In both Georgia and Alabama, 18% of those eligible for a subsidy had actually enrolled in a plan by March.