Study: 26M will be eligible for 'game changer' ObamaCare subsidies


"The tax credit subsidies are a game changer," Families USA Executive Director Ron Pollack told reporters on a conference call. "They will make health coverage affordable for a huge number of uninsured families who would have been priced out of the coverage they need."

Starting in January, tax credits will be available to individuals and families earning up to four times the federal poverty level, or about $46,000 and $94,200 annually, to offset the cost of health insurance premiums.

People without insurance will be able to purchase it in new state and federally run marketplaces, where those tax credits will flow directly to plans they choose.

According to Families USA, 88 percent of those eligible for tax credits will be working families.

The Obama administration is facing tough questions about its implementation of the law and the public's understanding of the new rules.

Senate Finance Committee Chairman Max BaucusMax Sieben BaucusOvernight Defense: McCain honored in Capitol ceremony | Mattis extends border deployment | Trump to embark on four-country trip after midterms Congress gives McCain the highest honor Judge boots Green Party from Montana ballot in boost to Tester MORE (D-Mont.) told the top Obama health official Wednesday that he fears a "train wreck" will occur as the law's major provisions take effect next year.

"For the marketplaces to work, people need to know about them," Baucus told Health and Human Services Secretary Kathleen SebeliusKathleen SebeliusNext Kansas governor to reinstate LGBT protections for state workers Progressives set to test appeal of prairie populism in Kansas primary Overcoming health-care challenges by moving from volume to value MORE in a hearing. "People need to know their options and how to enroll."

Pollack said Thursday that his group's study should help ordinary people understand how they might benefit from the Affordable Care Act

"There is concern that a lot of people who are potentially eligible for these tax credit premiums subsidies may not know about it and if they don't know about it, they may not decide to get enrolled," Pollack said. "We want to make sure that in states across the country, people are aware that help is potentially on the way."

The report was written by members of the Families USA staff using data from The Lewin Group.