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View Diary: "Obamacare" goes boom! (283 comments)

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  •  They don't kick in until (4+ / 0-)
    Recommended by:
    indefinitelee, Deep Texan, doroma, Matt Z

    2014, when the national exchange is in place (which, in and of itself, will be a boon and will almost certainly include non-profit health insurers):

    Who is eligible for premium tax credits?

    Citizens and legal residents in families with incomes between 133% and 400% of poverty who purchase coverage through a health insurance exchange are eligible for a tax credit to reduce the cost of coverage. People eligible for public coverage and people offered coverage through an employer are not eligible for premium tax credits unless the employer plan does
    not have an actuarial value of at least 60% or unless the person’s share of the premium for employer-sponsored insurance exceeds 9.5% of income. People who meet these thresholds for unaffordable employer-sponsored insurance are eligible to enroll in a health insurance exchange and may receive tax credits to reduce the cost of coverage purchased through the


    Income Level Premium as a Percent of Income
    Up to 133% FPL 2% of income
    133-150% FPL 3 – 4% of income
    150-200% FPL 4 – 6.3% of income
    200-250% FPL 6.3 – 8.05% of income
    250-300% FPL 8.05 – 9.5% of income
    300-400% FPL 9.5% of income

    Note: The Federal Poverty Level (FPL) was $10,830 for an individual and $22,050 for a family of four through early 2010. For more information, please see the Department of Health and Human Services Poverty Guidelines, available at

    If you're under 133% of poverty level, you'll qualify for Medicaid under Obamacare (this is why states are going to HAVE TO find cheaper ways, in my opinion, and this will lead them toward a PO or even single-payer.

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