Starting in 2014, a surprisingly large number of people will qualify for financial help to pay for insurance. For example, an individual earning up to $45,900 a year, or a family of four earning up to $94,200 a year, will qualify for a reduction of their monthly premiums, or a tax credit at the end of the year. The calculator and chart on this page will give you a good idea of how much assistance will be available. Once you apply at the Marketplace, you will find out the exact amount of financial assistance you may be qualified for.
Insert your information below to see if you qualify for assistance
Financial Assistance Income Chart
People purchasing coverage on their own will be eligible for government subsidies (through a tax credit) towards their health insurance premiums based on income. Subsidies will be provided to people with family income between 100% and 400% of the federal poverty level. The most that these families buying subsidized coverage in an exchange will pay towards a health insurance premium will range from 2.0% of income at 100% of poverty to 9.5% of income at 400% of poverty. The federal poverty level varies by family size. In 2013, it is $11,490 for a single adult and $23,550 for a family of 4.
Look for your income and household size on this chart to see if you qualify for financial assistance.