Adequate Premium Tax Credits are Vital to Maintain Access to Affordabl... AARP Public Policy Institute

Adequate Premium Tax Credits are Vital to Maintain Access to Affordable Health Coverage for Older Adults

Reports

(PDF) Over 3 million low- to moderate- income older adults ages 50–64 currently rely on tax credits under the Affordable Care Act (ACA) to purchase health insurance coverage. These tax credits provide critical financial assistance for people who do not have access to affordable health insurance through an employer or a public program. Proposals to replace the ACA’s tax credits with a new “flat” tax credit, even when adjusted by age, raise significant concerns for older adults. The tax credit proposal included in the American Health Care Act (AHCA) of 2017, as introduced on March 6, would provide substantially less assistance for lower- and moderate-income older adults by as much as $5,900 for an individual. Older persons would face larger reductions in tax credits than younger persons and, as proposed, the value of the proposed tax credits would erode over time. These changes would put health insurance coverage out of reach for many older adults. State-level Analysis

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A State Scorecard on Long-Term Services and Supports for Older Adults, People with Physical Disabilities, and Family Caregivers Aging Demographics

One in Three Americans is Now 50 or Older

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