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What is a Subsidy?

A subsidy is financial assistance from the federal government to help you pay for healthcare. The amount of assistance you get is determined by your income and family size.

 

How to calculate your subsidy

A subsidy is available to people with family incomes between 100% and 400% of the poverty level who buy coverage through the Health Insurance Exchange. The size of your subsidy will be based on your household income and the number of people in your household.

To calculate the estimated size of your subsidy:

Use this table to find out whether your household income and household size makes you eligible.

For instance, as the table indicates, a family of three with joint income up to $78,120 and a family of five reporting income of up to $110,280 can expect to receive a tax credit.

Household Size 100% 133% 150% 200% 300% 400%
1 $11,490 $15,282 $17,235 $22,980 $34,470 $45,960
2 $15,510 $20,628 $23,265 $31,020 $46,530 $62,040
3 $19,530 $25,975 $29,295 $39,060 $58,590 $78,120
4 $23,550 $31,322 $35,325 $47,100 $70,650 $94,200
5 $27,570 $36,668 $41,355 $55,140 $82,710 $110,280
6 $31,590 $42,015 $47,385 $63,180 $94,770 $126,360
For each additional person, add $4,020 $5,347 $6,030 $8,040 $12,060 $16,080

 

The subsidy information provided is an estimate. The final subsidy determination will be confirmed by the federal exchange created by the federal government.

 

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