The Affordable Care Act (Obamacare) is a way to help lower-income individuals and individuals without health care afford health care. Although health care is still extremely expensive, the Affordable Care Act provides subsidies. This article will look at the subsidy amounts by income for the ...
For 2020 coverage, those making between $12,490-$49,960 as an individual, or $25,750-$103,000 as a family of 4, qualify for ObamaCare. For 2021, those making between $12,760-$51,040 as an individual, or $26,200-$104,800 as a family of 4, qualify.
We cover MAGI on oursubsidy calculator page, but since it’s so important to the ACA, we will do a detailed breakdown of MAGI and the other income types below. FACT: When you apply for coverage through the Marketplace, all the necessary calculations for determining your cost assistance (suc...