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April 19, 2013

Tax credits for premiums

NORMAN — Consumer and social service groups have begun spreading the word about tax credits that will help working families afford the health insurance that will be required under the Affordable Care Act.

A national group, Families USA, released a state-by-state breakdown this week.

About 337,000 Oklahomans will be eligible for the credit. The majority of those who can take advantage of premium tax credits earn between $47,100 and $94,200 for a family of four.

It’s going to be an ongoing education campaign to inform those eligible how to apply for the credits. Don’t expect state government to offer much help.

The governor has rejected Medicaid expansion that would cover many of those eligible, the Attorney General is involved in a lawsuit to prevent the law from taking effect and the Insurance Department has publicly said it won’t make an effort to create the exchange or promote the act.

It’ll be up to individuals.

A new website, www.healthcare.gov, has information about the tax credits and how to apply. We expect social and human service agencies to take the lead locally to spread the word on the tax credits.

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