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Released: April 23, 2013

Millions eligible for Obamacare subsidies, but don’t know it

Source: Tami Luhby, CNNMoney

Relatively few people are familiar with provisions in the Affordable Care Act, aka "Obamacare," that will provide tax credits to low- and middle-income consumers to help them purchase health coverage through state-run insurance exchanges.

Most of those who will be able to claim the subsidies are in working families with annual earnings between $47,100 and $94,200, according to a recent analysis by Families USA, a consumer advocacy group. More than a third of those eligible will be young adults between ages 18 and 34.

Here's how the subsidies will work: 

Starting in October, those looking to buy individual health insurance can enroll in plans offered through state-based exchanges, with coverage beginning in January.

Read Full Article: Millions eligible for Obamacare subsidies, but don’t know it