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: