10/02/2013
Insurance Subsidies depends on income and family size
The amount you save depends on your family size and how much money your family earns. In general, if your income falls within the following ranges you'll qualify to save money on your premiums in 2014. The lower your income within these ranges, the more you'll save. (The amounts below are based on 2013 numbers and are likely to be slightly higher in 2014.)
•$11,490 to $45,960 for individuals
•$15,510 to $62,040 for a family of 2
•$19,530 to $78,120 for a family of 3
•$23,550 to $94,200 for a family of 4
•$27,570 to $110,280 for a family of 5
•$31,590 to $126,360 for a family of 6
•$35,610 to $142,440 for a family of 7
•$39,630 to $158,520 for a family of 8
If your income falls below the amounts shown, you may qualify for coverage under your state’s Medicaid program. But if your state is not expanding Medicaid in 2014--and you don't qualify for Medicaid under your state's rules--you can’t get lower costs on Marketplace coverage based on your income. You'd have to pay the entire cost of a Marketplace insurance plan.
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