Estimate your Affordable Care Act premium tax credit based on income and household size.
Email your personalized insurance needs assessment
No spam, ever. We only email you about topics you care about. Unsubscribe anytime.
APTC = Benchmark plan premium - Max required contribution. Max contribution = MAGI × contribution % based on FPL. FPL % = MAGI / Federal Poverty Level for your household size.
Individuals earning 100-400% of Federal Poverty Level. With enhanced subsidies (2024): even above 400% FPL qualify if premiums exceed 8.5% of income.
Varies by state, age, and plan. At $50K single: benchmark premium capped at 8.5% of income (~$354/month). Subsidy covers the rest of the benchmark plan cost.
Modified Adjusted Gross Income (MAGI): wages, self-employment, investments, rental income. Social Security may count. Pre-tax 401k contributions reduce MAGI.
Only if employer coverage is deemed unaffordable (>9.02% of household income for employee-only coverage) or doesn't meet minimum value standards.
You repay the excess subsidy when you file taxes. In 2024, repayment caps apply. Underestimating income significantly can result in large tax bills.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.