Health Insurance Cost and Subsidy Calculator

Estimate your 2018 Obamacare tax credit and penalty

The Health eDeals Health Insurance Cost and Subsidy Calculator not only estimates your 2018 tax credit and penalty, but it also suggests where you might shop for Obamacare-qualified plans.

Follow these easy steps to calculate your potential Obamacare subsidy, estimate your shared responsibility payment should you go without coverage, and start shopping for an ACA-compliant health insurance plan. To get started, you will need to enter household size and income information.

Step 1 - Enter Your Info
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Add Family Member

Step 2 - Get Your Results
Lowest Cost Plan: N/A

You may qualify for Medicaid

In states that expanded Medicaid, adults who earn up to 138 percent of the federal poverty level may qualify for Medicaid. You must earn at least 100 percent of the federal poverty level to qualify for premium tax credits.

Based on the estimated income you provided, you may qualify for Medicaid.

You may be eligible for a subsidy

The Affordable Care Act makes income-based subsidies available to those that buy health insurance from a state-based or federally facilitated health insurance exchange. Subsidies include premium tax credits that help lower what you pay for coverage, as well as cost-sharing reductions that help lower what you pay for your deductible, coinsurance, copayments, and other covered out-of-pocket costs.

Based on the information provided, here is the premium tax credit amount you may be eligible for and the tax penalty you could owe if you go without minimum essential coverage and are not exempt.

Subsidies

Estimated annual premium tax credit: $0

This is the estimated amount your premium would be reduced annually. You can select an advanced premium tax credit to reduce your monthly payment or wait and receive the tax credit when you file your taxes. Premium tax credits are generally available to people with household incomes between 100 and 400 percent of the federal poverty level.

Estimated cost sharing reduction:

You may be eligible for cost-sharing reductions if you buy a silver plan. The cost-sharing reduction decreases your deductible by $0.
Cost-sharing reductions are generally available to people with household incomes up to 250 percent of the federal poverty level.

It does not appear that you are subsidy-eligible

Premium tax credits are generally available to people with household incomes between 100 and 400 percent of the federal poverty level and are based on factors such as plan rates where you live. The income you provided does not fit within these parameters.

If you still believe you might qualify for subsidies, you can apply for them when shopping for coverage through a state-based exchange or the federal marketplace.

Your estimated tax penalty: $0

Your shared responsibility payment amount (i.e., tax penalty) if you go without minimum essential coverage in 2018 and are not exempt.

Step 3 - Find Your Plan

Where to shop for subsidy-eligible plans

To take advantage of any premium tax credits or cost-sharing reductions for which you may be eligible, you must buy coverage from your state-based or federally facilitated health insurance exchange.

Call 888-258-6270

Shop here for Obamacare-eligible plans

To avoid owing the shared responsibility payment, you can shop for coverage in the private marketplace as well as through your state-based or federally facilitated health insurance exchange.

Call 888-258-6270

Shop Off-Exchange & Supplemental Plans