Americans who currently purchase their own health insurance through the individual market would receive tax credits averaging nearly $2,700 next year for coverage purchased through new insurance marketplaces under the Affordable Care Act (ACA) according to a new study from the Kaiser Family Foundation.

For individuals currently purchasing their own healthcare without the benefit of a purchasing group through an employer, the savings will come to about 32% for a “silver” level plan. So while the costs of implementation look high according to the “sticker prices” that will be reported in coming months, those prices don’t reflect federal subsidies designed to offset the costs.

Exactly how this will impact individuals buying through a group or employer-sponsored plan is yet unclear, but at Bullock, Garner, & Leslie we are here to help you determine precisely how these changes could impact YOUR family in 2014. Call your Melbourne accountant now for details!