Premium Subsidies

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When the Affordable Care Act (ACA) is fully implemented in 2014, 3.1 million Californians eligible for subsidies, called premium tax credits, through the Exchange and only through the Exchange. An eligible individual is a taxpayer whose household income for the taxable year is between 133 percent and 400 percent of the federal poverty level (FPL) for the appropriate family size. (Click on chart to enlarge,)

Subsidy Model

The table below provides an illustration of the value of the tax subsidies for families of four at several income levels for a 45-year-old policyholder based on 2014 projected incomes, assuming the family buys a “silver” plan which has a 70% actuarial value.

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Tax Credit Calculator

This tool, provided by the Kaiser Family Foundation, illustrates premiums and government assistance under the ACA. The health insurance subsidy calculator allows the user to examine the impact at different income levels, ages, family sizes, and regional costs. However, 2014 premiums in the calculator cannot necessarily be compared to what people buying insurance on their own are paying in 2010.

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