News Headlines Article

Another Glitch: How Some Americans Could Miss Out On Obamacare Subsidies In 2014
TIME Online Edition

Many Americans buying insurance coverage for 2014 may never get the chance to claim new federal tax credits to subsidize the cost of health insurance, due to an odd wrinkle in the signup process.

The problem will impact individuals who currently receive insurance on the individual market, but only if they fail to take action in the coming months. Hundreds of thousands—if not millions—of people who purchase coverage independently are now receiving letters from insurers canceling policies that do not comply with new Affordable Care Act (ACA) regulations.