How Health Insurance Rate Increases Affect Premium Tax Credits in Maine
Health insurance rate increases can impact premium tax credits for individuals and families in Maine, as they do in other parts of the United States. Premium tax credits, or subsidies, are designed to make health insurance more affordable for those with lower incomes. These credits are provided through the Health Insurance Marketplace established under the Affordable Care Act (ACA). Here’s how rate increases can affect premium tax credits in Maine:
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