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Frank A. Douglass Insurance Agency

Tax Credits for Healthcare Sign-Ups

Michigan residents who have chosen plans on the health insurance marketplace have qualified for an estimated $328 million in premium tax credits. According to the Kaiser Family Foundation, nearly 87% of Michiganders who selected plans as of March 1, were eligible for financial assistance through the Affordable Care Act. That averages to about $2,610 per person. M-Live.com reports, nationally, an estimated 3.5 million people have qualified for a total of $10 billion in tax credits as of March 1. Consumers have three more days to sign up for coverage on the health insurance marketplace.

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