ADEA State Update

Reports of Interest January 2014

(Reports of Interest) Permanent link   All Posts
  • The Institute for College Access & Success issued a report finding that seven in ten college seniors who graduated in 2012 had student loan debt, with an average of $29,400 for those with loans. The national share of seniors graduating with loans rose in recent years, from 68% in 2008 to 71% in 2012. Their debt at graduation increased by an average of 6% per year.
  • The Kaiser Commission on Medicaid and the Uninsured released a report finding that in the 25 states not expanding Medicaid, 5 million Americans will fall into a “coverage gap,” in which they neither meet Medicaid eligibility guidelines for their state nor qualify for subsidies to purchase coverage on a health insurance marketplace. Beginning January 2014, the Affordable Care Act (ACA) will expand Medicaid to cover adults younger than 65 with income at or below 133% of the federal poverty level (FPL), or about $16,000 for an individual. To date, 25 states have declined or not yet decided to join the expansion, which the U.S. Supreme Court made optional for states in its 2012 decision on the ACA. Low-income people in these states will be able to obtain federal subsidies, known as “premium tax credits,” to purchase coverage on a marketplace, or exchange, if they have income between 100% and 400% of the FPL. However, the nearly 5 million people in the coverage gap have income that places them above their state's Medicaid eligibility level but below the level at which they may obtain premium tax credits to purchase coverage on an exchange. This group also includes people in non-expansion states who are ineligible for Medicaid because of their categorical status (single adult without dependent child).

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