What income qualifies for Obamacare subsidies?
Most people are eligible for subsidies when they earn 100% – 400% of the FPL….Obamacare Subsidy Eligibility.
| Household size | 100% of Federal Poverty level (2021) | 400% of Federal Poverty Level (2021) |
|---|---|---|
| 1 | $12,880 | $51,520 |
| 2 | $17,420 | $69,680 |
| 3 | $21,960 | $87,840 |
| 4 | $26,500 | $106,000 |
Why is there a subsidy calculator for Obamacare?
The purpose of this subsidy calculator is to provide Americans with the ability to quickly determine if they are eligible for subsidized health insurance under the Affordable Care Act. The subsidy rates provided on SubsidyCalculator.comare estimates.
How does the health insurance marketplace calculator work?
The Health Insurance Marketplace Calculator provides estimates of health insurance premiums and subsidies for people purchasing insurance on their own in health insurance exchanges (or “Marketplaces”) created by the Affordable Care Act (ACA). With this calculator, you can enter your income, age, and family size to estimate your eligibility…
What was the income limit for Obamacare subsidies in 2021?
But for 2021 and 2022, this limit does not apply. Before the American Rescue Plan was enacted, a single individual in the continental U.S. was ineligible for subsidies in 2021 if their income exceeded $51,040; for a family of four, the income limit was $104,800.
Is there an Obamacare silver plan in 2021?
The American Rescue Plan does allow for $0-premium Silver plans if a person is receiving unemployment compensation in 2021, assuming the person is not otherwise eligible for Medicaid, premium-free Medicare Part A, or an employer-sponsored plan that’s considered affordable.
https://www.youtube.com/watch?v=RiO-5V0w3Kc