One of the weird quirks about Affordable Care Act health plans (also called ACA or Obamacare) is that most people don’t pay the full sticker price. But if you overestimate your income for Obamacare, you may have to pay your government healthcare subsidy back. ...
In 2024, your eligibility is based on your projected income and the benchmark plan cost. You qualify for subsidies if you pay more than 8.5% of your household income towards health insurance. Next Steps: Check your eligibility using our ACA Subsidy Calculator, regardless of your income, to se...
Just be aware that even if your subsidy covers your premiums completely, you will still have to pay a portion of your medical bills once you start needing care. If Your Income Is Too High or Too Low — Then What? Earning too much or too little will disqualify you from subsidies. If yo...
The best plan for you depends on your health, your financial circumstances, and the services provided by a specific plan. If you’re purchasing a plan via the marketplace, you may be eligible for a subsidy to offset the premiums, depending on your income. Explore More Fundamentals Choices ...
Determining Eligibility:To determine your eligibility for these subsidies, you can use the Health Insurance Marketplace calculator or consult with a healthcare navigator. When applying for an ACA plan, you’ll need to provide income information, which the Marketplace uses to calculate your subsidy ...
Unbeknownst to her, she said, a broker in Florida enrolled her family in an ACA plan in late February 2023, even though Zukoski had coverage starting that January through her job. The broker listed an income that qualified the household for a full subsidy, so Zukoski never received a premi...
2Responsibility TBD for remaining $25 of medical expenses, as synchronization of AV and limits/subsidies remains to be determined by DHHS. ACA, Patient Protection and Affordable Care Act; AV, actuarial value; DHHS, Department of Health and Human ...