Under the Affordable Care Act (ACA), eligibility for a premium tax credit (also called a subsidy) is based on the income earned by members of your household. Click here to access a chart showing income levels for subsidy eligibility. Who Counts as Part of Your Tax Household? In general your tax household includes anyone for whom you claim a personal exemption on your federal tax return: Yourself Your spouse Your
How do I Calculate My Income to Find Out if I am Eligible for a Health Insurance Subsidy?
Under the provisions of the Affordable Care Act (ACA), some Americans will be eligible for a subsidy to purchase health insurance through their state’s exchange (or the federal exchange for states like Virginia who have chosen not to run their own exchange). Eligibility for the subsidy is determined in part by household income, relative to the Federal Poverty Level. Click here for details. Some are wondering, however, how to calculate