How does an individual or family qualify for health care tax credits in the Exchange?
• Generally speaking, tax credits will be available for individuals and families with incomes between 133-400 percent of the federal poverty level to help them purchase insurance through the Exchange. These subsidies will be offered on a sliding scale basis and will limit the cost of the premium to between 2 percent of income for those at 133 percent of the poverty level and 9.5 percent of income for those between 300-400 percent of the poverty level. See the Kaiser Family Foundation’s premium subsidy calculator to determine if you will be eligible for tax credits. • Individuals who are offered coverage by an employer are not eligible for tax credits unless the employer plan does not have meet minimum federal criteria. See question regarding mimimum benefit levels for further information.
Related Questions
- What qualifies an individual or a family for a "hardship waiver," a way for those in lower-income brackets to opt out of the mandatory health care policy?
- How can family members of a deceased individual obtain the deceased individuals PHI that is relevant to their own health care?
- What Health Care Policy is available for an individual or family?
