A small, but growing portion of the US population participates in the health insurance marketplace, commonly known as Obamacare. This marketplace offers direct access to health insurance plans from major providers, while also providing a potential insurance premium tax credit for eligible participants, based on household income and participant age, making monthly premiums more affordable for many.
Given the continued surge in health-related costs, legislation several years ago enhanced the premium tax credit for many households; however, the One Big Beautiful Bill Act, signed in July, has eliminated this additional credit.
Today we’ll explore some of the repercussions of this decision and its impact on Wyoming individuals and families. We’ll explore some alternative paths to health coverage to help families ensure they’re sufficiently protected from the high costs of health-related incidents, and share an example of how Obamacare can still be a viable health insurance option.