(TNS) Nearly 100,000 Kentuckians will pay more for health insurance next year when the Affordable Care Act’s tax credits expire at the end of December.
The credits allowed federal funds to subsidize health insurance markets for people who make more than Medicaid recipients but lack a work-sponsored health benefit. Health insurance plans through Kentucky’s marketplace, kynect, are used largely by small business owners, older Americans ineligible for Medicare and rural residents.
A letter signed by Gov. Andy Beshear and seventeen other governors earlier this month urges Congress to take action and extend the credits.
“If they expire, premiums will rise by thousands of dollars for many families, millions will lose coverage, and people will be forced to make impossible choices between payin