Annual premium amount paid by policy holder and premium tax credit

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Presentation transcript:

Annual Premium Amount and Tax Credits for a Family of Four Under the Affordable Care Act, 2014 Annual premium amount paid by policy holder and premium tax credit Premium tax credit Required premium payment by policy holder Full premium = $12,130 Contri- bution capped at 9.5% of income Contri- bution capped at 8.05% of income Contri- bution capped at 6.3% of income Contri- bution capped at 4.0% of income Contri- bution capped at 3.3% of income $32,326 $35,137 $46,850 $58,562 $70,275 $117,125 Notes: For an family of four, policy holder age 40, in a medium-cost area in 2014. Premium estimates are based on an actuarial value of 0.70. Actuarial value is the average percent of medical costs covered by a health plan. FPL refers to federal poverty level. Source: Premium estimates are from Kaiser Family Foundation Health Reform Subsidy Calculator, http://healthreform.kff.org/Subsidycalculator.aspx. 1