FRANKFORT, Ky. (ABC36 NEWS NOW) – Thousands of Kentuckians could soon face major increases in their monthly health insurance premiums as federal tax credits under the Affordable Care Act are set to expire at the end of this year.

The kynect marketplace covers small business owners, older residents not yet eligible for Medicare, and rural Kentuckians who make too much to qualify for Medicaid but don’t receive health insurance through work. Gov. Andy Beshear says without an extension of the federal tax credits, nearly 100,000 Kentuckians could see premiums jump by as much as 37 percent when open enrollment begins next week.

“American families should never have to choose between affording groceries, paying the rent and being able to afford healthcare coverage,” Beshear said.

Beshear, along

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