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Obamacare Explained: A Guide for Californians

Produced by KQED News and The California Report

How to Calculate Your Premium

At a Glance

  • The federal government is offering tax credits to help you afford health insurance.
  • Eligibility is based on your family size and income.
  • The tax credit can take effect as soon as you buy health insurance. You do not need to wait until you file your taxes to get the credit.


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The federal government offers subsidies to help you afford health insurance.

The subsidies are available as tax credits. But you don't have to wait until tax time to collect this credit. If you wish, you can claim the tax credit on a monthly basis to offset the monthly cost of your premium.

Am I Eligible For a Subsidy?

Your eligibility for the credit is based on your income. If you earn between 138 percent and 400 percent of the poverty level, you may qualify. For 2016, that's about $16,243 to $47,080 for an individual and $33,465 to $97,000 for a family of four. The subsidies are available on a sliding scale. In other words, the lower your income, the higher your subsidy amount.

How Can I Find Out How Much of a Subsidy I Might Get?

Covered California, the state's health insurance marketplace, has an online calculator you can use to estimate the amount of both your premium and your subsidy, if you qualify for one.

Please visit Covered California to calculate your premium, with or without the subsidy. You can also compare different plans available to you.

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