Figures are based on Modified Adjusted Gross Income, or MAGI. For a completely different kind of article, we invite you to read “The Gift of the Magi” by O. Henry, or William Sidney Porter.
Eligible individuals and families with incomes between 100% and 400% of the FPL guidelines qualify for subsidies.
Simply put… ‘the less income you have inside the box, the more help you get: it’s a sliding scale’.
For more information, call us at 828-372-0101 or schedule a free consultation.
Healthcare.gov, or the Health Insurance Marketplace will begin to use the new guidelines in 2018 Open Enrollment, beginning on November 1, 2017 and until December 15, 2017. The guidelines will continue to be used for the remainder of the 2018 Special Enrollment Period as well.
The amount of tax credit subsidy and the health insurance plans available to enroll in will depend on family size and income. Cost-share reduction (CSR) or ‘Silver Enhanced’ plans are available between 100% and 250% FPL.
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