Question: If only the husband needs coverage in a household of two. Wife has medicare. How is premium and credits calculated. Is the price on online tool give for both people in household?
Answer: I’ll use an example to illustrate how the subsidy is calculated. For example, assume that your family income (2 people) is $37,000 annually). The Covered California Calculator shows your premium at $236 per month. This is the amount you would pay, even though your spouse does not need coverage in the exchange. The federal (tax credit) subsidy would pay the rest of the total premium.