More than 260,000 Kansans will be among Americans who will get a tax credit beginning in 2014 to help reduce the cost of private health insurance, according to a new report from Families USA.
The national nonprofit organization, which says it is "dedicated to the achievement of high-quality, affordable health care for all Americans," said the tax credits will amount to $1 billion in 2014 in Kansas and will be targeted to middle-income families who struggle to pay for health insurance.
The tax credit is part of the Affordable Care Act and will apply to individuals and families who don't have health insurance, who meet income guidelines and who buy insurance through state exchanges.
Families USA commissioned the Lewin Group to use economic models to estimate how many people would be affected in each state. Families USA began releasing state reports in September.
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In Kansas, Families USA executive director Ron Pollack said in a conference call Wednesday, 227,600 people in families with a worker employed full time, and 22,900 people in families with a worker employed part time, will be eligible for the credit. Under certain conditions, people who are eligible for job-based insurance will qualify for the credit.
The tax credit will be on a sliding fee scale; a family of four with an income up to $88,200 will get some relief from the credit, Pollack said.
He called the credit "the largest middle-income tax cut in history" and said it would allow many more people to afford health insurance.
He said regulations for implementing the credit still are being written but insisted it wouldn't be affected even if Republicans win control of Congress in November and defund health care changes.