(DES MOINES, Iowa) -- Governor Terry Branstad unveiled the Healthy Iowa Plan on Monday, a new health care program that will cover the 89,000 uninsured Iowans earning at or below the federal poverty level.

Individuals above the Federal Poverty Level are eligible for generous tax credits to purchase affordable private health insurance through the Health Insurance Exchange.

“Governor Branstad and I have set the ambitious goal of making Iowa the healthiest state in the nation,” said Lieutenant Governor Kim Reynolds. “To get there, we know it is critically important for Iowans to take ownership of their health. The Healthy Iowa plan increases access to health care coverage while encouraging a healthy lifestyle.”

The Healthy Iowa Plan fits within Governor Branstad’s two-year budget and five-year budget projection with a total funding pool of $162 million.

Copyright 2013 ABC News Radio