To get an Obamacare Subsidy for your Obamacare Health Insurance Plan, first you have to see if you qualify for a subsidy. If, according to Federal Poverty Guidelines, your yearly income is less than four times the published Federal Poverty Guideline (400% of FPG) for the size of your household, and you dont qualify for employer or publicly assisted healthcare (Medicaid/Medicare), you will be able to receive premium subsidies to help you buy insurance through your states Health Insurance Marketplace.
Subsidies Help Pay Insurance Premiums
President Barack Obama signed the Patient Protection and Affordable Care Act into law on March 23, 2013. Its intent is to provide access to quality affordable healthcare to more Americans and to reduce growth in healthcare spending in the U.S. Unfortunately, 44.85 million Americans live below the poverty line and cant afford Obamacare health insurance monthly premiums. This makes getting a government subsidy critical for many families whose budgets are already stretched.
How to Apply for A Subsidy
Insurance companies in states that are participating in the federal healthcare plans have state Health Insurance Marketplaces, dedicated Obamacare stores where an insurance representative will help you find out if you qualify for a healthcare subsidy. You can call or visit one of these stores and a representative will help you find out if you qualify for a healthcare subsidy. Having an experienced insurance professional help you apply can make applying for an Obamacare subsidy quicker and easier. To apply in 2014 youll need to now if your salary will be he same as it was in 2012. In future years, youll use your previous years salary.
Apply for a Subsidy at Healthcare.gov
Healthcare.gov is the official Patient Protection and Affordable Care Act website. You can use this website to see if you qualify for a get subsidy, get information and apply for healthcare insurance. You can create a personal account with a login and password on Healthcare.gov.
March 31, Deadline
A subsidy could make getting healthcare more affordable for individuals and families that live below the Federal Poverty Level. State Insurance Marketplaces and Healthcare.gov make it convenient to apply for a subsidy. March 31, 2014 is the deadline for individuals to comply with the individual mandate to carry health coverage.
1. Source: (2008 -2012 American Community Survey 5-Year estimates).