Your guide to 2014 Health Plan Subsidies!

2014 Health Plan Subsidies


Health plan subsidies will be available in 2 different forms beginning in 2014:

1. Premium Subsidies – premium subsidies help qualifying individuals pay for their health insurance plan (generally those people who earn less than 400% of the Federal Poverty Level).

2. Cost Sharing Subsidies – cost sharing subsidies help individuals by reducing out of pocket medical costs such as co-pays and deductibles. Cost sharing Subsidies will be available in 2014 for qualifying individuals who earn less than 250% of the Federal Poverty Level. In addition, to take advantage  of cost sharing subsidies, qualifying individuals must purchase a Silver plan.

Stay tuned for more information on Health Plan Subsidies!

In the meantime, KFF.org has a GREAT subsidy calculator at the link below:

http://kff.org/interactive/subsidy-calculator/

 

 


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