Health Insurance Subsidy Calculator
ACA Premium Tax Credit Estimator
Estimate your Affordable Care Act premium tax credit based on income and family size
$
$
Formula
Monthly Subsidy = Second-Lowest Silver Plan Premium - (Annual Income × Expected Contribution Rate / 12). Contribution rate ranges from 0% (at 150% FPL) to 8.5% (at 400%+ FPL).
Frequently Asked Questions
Who qualifies for ACA subsidies?
You may qualify if your income is above 100% of FPL (or above 138% in Medicaid expansion states) with no upper limit under the enhanced subsidies (through 2025). You must not have access to affordable employer coverage or government programs like Medicare/Medicaid.
What is the premium tax credit?
The premium tax credit (PTC) is a subsidy that lowers your monthly health insurance premium when you buy coverage through the ACA Marketplace. It's based on the difference between the second-lowest Silver plan premium and your expected contribution based on income.
Do I have to pay back the subsidy?
If your actual income differs from your estimate, you may owe money back or receive a refund at tax time. If your income was higher than estimated, you may need to repay some or all of the excess subsidy when you file your tax return.
You may also need
$
Medicare Premium Calculator
Free Medicare premium calculator. Estimate your Medicare Part B and Part D premiums including IRMAA surcharges based on income. See your total Medicare costs.
Finance$
Tax Calculator
Free income tax calculator. Estimate your federal and state income tax for the current year. See your effective tax rate and tax bracket.
Finance$
Life Insurance Needs Calculator
Free life insurance needs calculator. Determine how much life insurance coverage you need based on income, debts, dependents, and financial goals.
Finance