Tag Archives: Subsidy

Let’s Talk about Obamacare Tax Credits

English: This image depicts the numbers of uni...

English: This image depicts the numbers of uninsured Americans and the uninsured rate from 1987 to 2008. (Photo credit: Wikipedia)

On October 1, more than 30 million uninsured Americans will be able to sign up for affordable health insurance in the marketplace.

Under Obamacare, millions of Americans will be eligible for financial help.

Check out this calculator from the nonpartisan Kaiser Family Foundation that shows how the tax credits work.

Here’s how the financial assistance works:

– Individuals earning up to $45,000 per year — or families of four earning up to $94,000 per year — will be eligible to receive it.

– Nearly half of all people who buy their own health insurance will be eligible for financial assistance next year — and, on average, are expected to save about $2,700 a year.

Check out the subsidies calculator: http://my.barackobama.com/Kaiser-Subsidy-Calculator

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Filed under Health, National

Low Income Parents Lose Childcare Subsidies

Newly revamped childcare options at Hannam Vil...

Image by Morning Calm News via Flickr

Low-income working parents face a paradox. As they have to work longer hours, they are losing access to a government subsidy that helps pay for child care.

The subsidy, a mix of federal and state funds that reimburses child care providers for families, is critical to the lives of poor women. It has been eaten away over the years by inflation, growing need, and state budget cuts.

At least two states, Arizona and Utah, are no longer appropriating state general funds for child care at all.

According to a recent report, families in thirty-seven states were worse off this year than last year as waiting lists grew, co-payments rose, and eligibility tightened.

President Obama had recommended an increase in the subsidy in the 2011 budget, but it has not been approved by Congress. Stimulus money is now gone.

Advocates for poor women question whether the social contract that emerged during the 1990s welfare overhaul (women work in exchange for help with child care) is fraying.

Via The New York Times.

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Filed under Economy, Family, Sick Sad World