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November 22, 2013

According to Kaiser Family Foundation estimates, 400,000 New Jerseyans will be eligible to get tax credits when buying health insurance through the Affordable Care Act exchange.

Nationally, the foundation estimates that 17 million Americans will be eligible for a tax credit. Under the ACA, people with incomes between 100 percent and 400 percent of the federal poverty level will be eligible for some sort of tax credit when buying insurance through an authorized exchange.

The foundation estimates the total market size for New Jerseyans who would want to purchase insurance through an exchange is 628,000. To make that estimate, the foundation excluded uninsured workers in a household that has employer-based insurance.

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