Health Exchange Subsidy
Starting in 2014, you will get help paying for health insurance if your income is between 134% and 400% of the federal poverty level (FPL). You will get a credit to buy insurance through an exchange.
The size of the credit will depend on:
- Your income
- Age and family size
- If you can get insurance through your job
- Cost of living in your town
Based on these factors you will pay between 2% and 9.5% of your income for insurance. If your insurance costs more than this, you will get a credit for the rest. Estimate your credit using this calculator.