Facts You Need to Know for a Successful Open Enrollment, Part 8

Open Enrollment, a key part of the Affordable Care Act, begins November 15th! That’s 10 days away. Understanding the basics can help you take advantage of this important time period.  Brought to you by REALTORS® Insurance Marketplace, this nine part series will help you learn important facts about this year’s Open Enrollment.

 

8.     Subsidies are available, but there are requirements to receive them.

The Affordable Care Act provides financial assistance for those who meet certain income requirements. The chart below shows income range and household sizes potentially eligible for subsidies. Exact subsidy amounts vary by income and the average cost of health plans in a specific geographical area. If you think you may qualify for a subsidy give us a call; we can help you navigate the public exchange for your area.

 

Income Range Household Size
$11,490 to $45,960 Individuals
$15,510 to $62,040 Family of 2
$19,530 to $78,120 Family of 3
$23,550 to $94,200 Family of 4
$27,570 to $110,280 Family of 5
$31,590 to $126,360 Family of 6
$35,610 to $142,440 Family of 7
$39,630 to $158,520 Family of 8


 

For more information please watch for our next part in this nine part series, posted weekly.

(Pssst…If you can’t wait to see all 9, click here.)