Your guide to 2014 Health Plan Subsidies!

General Healthplan Subsidy Information


Healthplan Subsidy Info from healthcare.gov


Below is a great simplified explanation of how health plan marketplace subsidies will work – straight from the source! When you use the Health Insurance Marketplace you may be able to get lower costs on monthly premiums or out-of-pocket costs, or get free or low-cost coverage. You can save money in the Marketplace 3 ways. […]

Health Insurance subsidies and Catastrophic plans


Beginning in 2014, many people, especially people under 30, will be eligible for a reduced cost “Catastrophic Plan”. These Catastrophic Plans will be offered in the new Health Insurance Marketplace Exchanges. It is important to note however, that purchasers of catastrophic plans are not eligible to receive monthly premium subsidies to offset the cost of […]

Subsidies will be determined by Income – NOT assets….


Something that was brought up with us today was the question of whether assets could prevent someone from qualifying for a healthplan subsidy in 2014. Presently, access to health plan subsidies under the ACA/affordable care act/PPACA/Obamacare are based on income, not assets. To be eligible for subsidized coverage, your modified adjusted gross income (MAGI) would […]