ALBANY, N.Y. (AP) - An advocacy group says 1.5 million uninsured New Yorkers will be eligible for federal tax credits next year to help offset the cost of health coverage.
A report by Families USA notes that the credits for those with incomes ranging from 138% to 400% of the federal poverty guidelines will go directly to the health plan in which the individual or family enrolls, offsetting their total premiums.
A family of 4 with income up to $94,200 would be eligible.
In concert with President Barack Obama's federal health care overhaul, New York is establishing a health insurance marketplace called an exchange.
New York has an estimated 2.7 million uninsured among some 19 million residents.
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