Study Says 779,000 in NY Can Get Insurance Subsidy

ALBANY (AP) —

A new national study estimates 779,000 New Yorkers are eligible for tax credits that would reduce premium payments for insurance coverage they can buy through the state’s new insurance exchange.

The Kaiser Family Foundation analysis shows 17 million people, now uninsured or who buy insurance individually, will be eligible for Obamacare credits when coverage starts in 2014. Under the federal Affordable Care Act, credits apply to those with incomes up to 400 percent of the federal poverty level.

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