A new report from the Robert Wood Johnson Foundation found more than 74 percent of the uninsured who qualify for Medicaid or premium subsidies under the Affordable Care Act (ACA) file income tax returns. It also found 90 percent of young adults eligible for subsidies file tax returns.
That could help drive more enrollments in ACA health plans during tax season, as tax advisors offer assistance to the millions of uninsured Americans who are uninformed about the health reform law.
“As people file their income taxes, tax preparers may be able to help those who are eligible for (exchange) marketplace plans,” says Kathy Hempstead, who leads coverage issues at the Johnson Foundation. “Since the majority of eligible filers use a tax preparer and file before March 31, this could be an effective route to boost enrollment.”
H&R Block and other tax preparation firms have been hosting events on ACA-related tax issues and providing clients with information on what the health care law (and its penalties for not having qualified health coverage) could mean to consumers.