You may be eligible for a subsidy to help you afford health insurance in 2017 if your total household income falls within certain limits.
The income cutoffs are tied to the Federal Poverty Level and are adjusted each year.
The 2017 figures are in the chart below.
To use the chart:
- Locate the number of people in your household (# of people on your federal tax return) along the top row
- Look in the corresponding column to see if your projected 2017 adjusted gross income (AGI) falls within the limits shown. (AGI is the figure on line 37 of your Form 1040.)
If your total household AGI falls within the limits, you are likely eligible for a subsidy.
2017 Income Limits for Subsidy
|# People in Your Household||1||2||3||4||5||6|
|You may qualify for a premium subsidy if your yearly income is between ….||$11,880 -$47,520||$16,020 - $64,080||$20,160 -$80,640||$24,300 - $97,200||$28,440 - $113,760||$32,580 - $130,320|
|You may qualify for a premium subsidy AND lower out-of-pocket if your yearly income is between…||$11,880 - $29,700||$16,020- $40,050||$20,160 - $50,400||$24,300 - $60,750||$28,440 - $71,100||$32,580 - $81,450|
Source: Federal Poverty Level Guidelines
Enroll in 2017 Health Insurance
You can enroll in a 2017 health insurance plan beginning on November 1, 2016. This is first day of open enrollment. If you enroll between November 1, 2016 and December 15, 2016 your coverage will be effective on January 1, 2017.
Take a moment to research available plans on our website. Click on “Get an Quote” to request automated reminders and updated pricing as open enrollment approaches.
We can also tell you if you will qualify for a subsidy AND help you obtain the subsidy when you buy your health insurance through your state’s exchange. In Virginia, visit www.enrollvirginianow.com to see available on exchange plans.
Let us know if you have any questions. We’ll be happy to help! 703-707-8270.