A continuing question about the Affordable Health Care Act passed into law under the Obama Administration has been that of cost.
Henry J. Kaiser Family Foundation offers one Health Reform Subsidy Calculator that is linked below.
To use this calculator, enter either your expected 2014 income or the % of poverty level at which you expect to be (100%, 125%, etc.), your age, your marital status, and your regional cost factor Lower, Medium or Higher).
The calculator will provide:
- Unsubsidized health insurance premium in 2014, adjusted for your age
- Actual person/family required premium payment (the amount you must pay)
- Government tax credit
Hopefully, the Affordable Care Act eliminates the possibility of turning away people with pre-existing conditions. Many wellness/prevention activities and services are encouraged and covered completely under the ACA.
However, premium amounts from ages 40 – 60 and above who make 425% of poverty level seem too expensive. $10,000+ per year is simply too much for a single person. That’s about $900/month.