Little Rock, Ark. (August 12, 2013) — Thousands of Arkansans are likely to be eligible for help with their health insurance costs, in the form of a advanced premium tax credit, when they start shopping for a health plan beginning October 1.
Arkansas Blue Cross and Blue Shield recently developed a simple online tool to help Arkansans determine if they are likely to qualify for federal tax credits (often called subsidies) to help them lower the cost of their health insurance premiums.
“With many people unsure about whether they will qualify for help with their health insurance costs, we wanted to provide an easy way for them to learn if they are likely eligible to receive low-cost or even free health care coverage,” said Karen Raley, vice president of Communications & Product Development. “We expect more than 500,000 Arkansans will qualify for assistance, and as a Arkansas’ leading health insurer, we want to help Arkansans stay informed of their options.
Anyone can visit arkansasbluecross.com, select the “Do I Qualify for a Tax Credit” link and enter their annual household income and household size to find out if they are likely to qualify for free or low-cost health insurance. To be eligible for an advance premium tax credit, households must not have coverage through an employer and
Arkansans find out if they will get a break on their health insurance plan, must earn 400 percent or less of the federal poverty level. For example, a household of four, earning $94,000, would be just under 400 percent of the federal poverty level and would qualify for a tax credit. After using the online tool, visitors can elect to sign up for more information related to the health care law and new plan offerings as the information becomes available.
Founded in 1948, Arkansas Blue Cross and Blue Shield, an Independent Licensee of the Blue Cross and Blue Shield Association, is the largest health insurer in Arkansas. Arkansas Blue Cross and its affiliates have more than 2,700 employees. If combined, the 38 independent, locally operated Blue Cross and Blue Shield Plans collectively provide health care coverage for 100 million Americans.
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Arkansas Blue Cross and Blue Shield is an Independent Licensee of the Blue Cross and Blue Shield Association and is licensed to offer health plans in all 75 counties of Arkansas.
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