Am I eligible for a subsidy?

Category: Blog

How do I determine whether I am eligible for a subsidy?

  • Subsidies or tax credits are available for those with income between 100% and 400% of the poverty line who are not eligible for other affordable coverage. (In 2010, 400% of the poverty line comes out to about $43,000 for an individual or $88,000 for a family of four.) The tax credit is advanceable, so it can lower your premium payments each month, rather than making you wait for tax time. It’s also refundable, so even moderate income families can receive the full benefit of the credit. These individuals may also qualify for reduced cost-sharing (co-payments, co-insurance, and deductibles).
  • The following link is a subsidy calculator that will help you determine whether you are eligible for a subsidy.

                      http://healthreform.kff.org/subsidycalculator.aspx

Our next blog will focus on Essential Health Benefits.


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