Health Insurance Subsidies

Starting in 2014, individuals and families can receive a health insurance subsidy in the form of a new premium tax credit to help them make health insurance coverage affordable. To qualify for the subsidy the consumer must purchase a qualified health insurance plan (QHP) through a federal or state based Insurance Exchange. The premium tax credit is refundable so it can still benefit individuals who have little or no income tax liability. The credit also can be paid in advance to a taxpayer’s insurance company to help them cover the cost of premiums. Cost Sharing Subsidies are a discount that lowers the amount you have to pay for out-of-pocket for deductibles, coinsurance and co-payments. You can get this reduction if:

If you are a member of a federally recognized Native American tribe, you may qualify for additional cost-sharing benefits.

2013 Federal Poverty Levels by Annual Income
Household /
Family Size		 100% 133% 150% 200% 300% 400%
1 $11,490 $15,282 $17,235 $22,980 $34,470 $45,960
2 $15,510 $20,628 $23,265 $31,020 $46,530 $62,040
3 $19,530 $25,975 $29,295 $39,060 $58,590 $78,120
4 $23,550 $31,322 $35,325 $47,100 $70,650 $94,200

*For a family of 4 in 2013, the Federal Poverty Level is $23,550

Premium Subsidies - Bronze Plan
Federal Poverty Level Income Level Bronze Plan Annual Premium Tax Credit Premium Paid by Individual % of Income Prem/Mo Paid By Individual
400% $94,200 $9,230 $2,188 $7,042 7.5% $586.83
300% $70,650 $9,230 $4,425 $4,805 6.8% $400.42
250% $58,875 $9,230 $6,397 $2,833 4.8% $236.08
200% $47,100 $9,230 $8,169 $1,061 2.3% $88.42
150% $35,325 $9,230 $9,230 $0 0.0% $0.00
133% $31,322 $9,230 $9,230 $0 0.0% $0.00
100% $23,550 $9,230 $9,230 $0 0.0% $0.00