Roughly half of uninsured Floridians should be able to buy health insurance coverage for about $100 a month when they start signing up for Obamacare next month, a new federal report says.
There are an estimated 3.5 million uninsured Floridians, and most of them will be required to buy coverage through the federal health-insurance marketplace created by the Affordable Care Act, known as Obamacare. About 3.2 million of them are eligible for income-based federal subsidies to help them buy policies.
Failure to purchase insurance will result in a first-year tax of $95, which will go up in later years. The marketplace opens Oct. 1, and people must enroll in a health insurance plan by Dec. 15 to be eligible for coverage by the Jan. 1 deadline.
Just two weeks before the marketplace opens, there still are no firm numbers for Florida on what the various health care plans might cost or how much the federal tax subsidies might cover.
But a new report by the U.S. Department of Health and Human Services indicates that 53 percent of the 3.2 million uninsured individuals and families who are eligible for subsidies should qualify for enough help to keep their premiums at or below $100 a month.