Individual Coverage Estimates for Premiums and Subsidies Available in 2014
This tool provided by The Henry J. Kaiser Family Foundation illustrates premiums and government assistance under the health reform law signed by the president. Beginning in 2014, tax credits will be available for people younger than 65 who purchase coverage on their own in a health insurance exchange and are not covered through their employer, Medicare or Medicaid. The tool allows the user to examine the impact at different income levels, ages, family sizes and regional costs.
Premium calculations are consistent with estimates of premiums under reform prepared by the Congressional Budget Office. CBO projects that average premiums under reform for the same level of coverage for a given group of enrollees would be 7-10 percent less than under the status quo. However, in many cases coverage will be more comprehensive and accessible than what typically is available today in the non-group market. As a result, 2014 premiums in the calculator cannot necessarily be compared to what people buying insurance on their own are paying in 2010.
The calculator does not apply to people with coverage available through an employer, where the firm is generally paying for a substantial portion of the insurance premium.
View Individual Premiums Estimate Calculator
Small Business Tax Credits
Since 2010, as many as 4 million small businesses that offer healthcare coverage to their employees may be eligible for a tax credit. Fill in the amounts below to find out what your tax credit will be.
To qualify, a small business must:
- Have fewer than 25 full-time equivalent employees
- Pay average annual wages below $50,000 per FTE
- Contribute at least 50 percent of each employee's premium
Owners are excluded and should not be counted in number of employees, wages or premium contribution amount.
Tax credits can't be larger than actual income tax liability.
View Small Business Tax Credits Calculator