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Health Subsidies: Crunching The Numbers

04/02/13

  09:49:36 pm, by MedBen5   , 164 words,  
Categories: Health Plan Management

Health Subsidies: Crunching The Numbers

The Associated Press (via The Washington Post) offers some examples of how health subsidies will work for individuals who purchase coverage under state-run exchanges. Under the Affordable Care Act, premiums paid by taxpayers will be tied to their income, with the government subsidies making up any shortfall.

Single adult
Age: 30
Income: $30,000
Annual cost of health insurance: $3,440
Government subsidy: $932
Annual premium paid by taxpayer: $2,509

Family of four
Age of policyholder: 30
Family income: $30,000
Annual cost of health insurance: Eligible for Medicaid

Family of four
Age of policyholder: 40
Family income: $50,000
Annual cost of health insurance: $12,130
Government subsidy: $8,745
Annual premium paid by taxpayer: $3,385

Family of four
Age of policyholder: 50
Family income: $75,000
Annual cost of health insurance: $16,858
Government subsidy: $9,733
Annual premium paid by taxpayer: $7,125

Family of four
Age of policyholder: 60
Family income: $90,000
Annual cost of health insurance: $24,042
Government subsidy: $15,492
Annual premium paid by taxpayer: $8,550

Additional subsidy calculations can be performed at the Kaiser Family Foundation website.


Note: Premiums are estimates of average premiums for 2016, by the Congressional Budget Office.

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