Who Gets a Subsidy?

Subsidies are provided by the federal government to help you pay for your insurance. The subsidies mostly apply to people with low or middle incomes. Whether you qualify depends on how much money you make, how many people are in your family, and whether you can get coverage through your employer. 

In general, if you can get insurance through your work, you are probably not eligible for a subsidy. But if your income is below a certain amount, and you can’t afford the insurance through your work, you might be able to get a subsidy to help pay for your insurance.

Here are the latest guides provided by the federal government. If this is how much you make in a year, you might be able to get help paying for your insurance. But keep in mind this is just a guide and could change each year. Also, if your income changes during the year, that could affect how much aid you get or possibly have to return to the federal government.

You might be able to get a break on the cost of your monthly health insurance premiums through the marketplace, if you make this much each year: 

  • $11,670 to $46,680 for individuals
  • $15,730 to $62,920 for a family of two
  • $19,790 to $79,160 for a family of  three
  • $23,850 to $95,400 for a family of four
  • $27,910 to $111,640 for a family of five
  • $31,970 to $127,880 for a family of six
  • $36,030 to $144,120 for a family of seven
  • $40,090 to $160,360 for a family of eight 

You might be able to get a break on your out-of-pocket costs when you use the insurance you buy through the marketplace, if you make this much each year: 

  • $11,670 to $29,175 for individuals
  • $15,730 to $39,325 for a family of two
  • $19,790 to $49,475 for a family of three
  • $23,850 to $59,625 for a family of four
  • $27,910 to $69,775 for a family of five
  • $31,970 to $79,925 for a family of six
  • $36,030 to $90,075 for a family of seven
  • $40,090 to $100,225 for a family of eight
If you find that you make less than the lowest number for your family size, your marketplace application will help you figure out if you can get free or low-cost insurance through a government health care program like Medicaid. 

 

"Hey, Doc" main page

 


Comment on this (Must be logged in to comment)

Add Comment

Text Only 2000 character limit

Looking for more?