Obama Care Income Limits for 2015

Obama Care Income Limits for 2015

In this post we will explain the Obama Care Income Limits for 2015.  February 15th is the cut off to sign up for an Affordable Care Act plan (Obama Care).  In fact, after the 15th, only people with a valid special election can sign up for coverage.  Those with income below the allowable guidelines gain access to health insurance coverage at substantially lower cost than those with standard plans not affiliated with the exchange.  Those within the income limits can enjoy premium reductions of up to 90% .

Applying for coverage is fairly easy and can be completed online in about half an hour.  Review the income limits below to see if you qualify.  If you do, we can enroll you over the phone. You can avoid the need to attend an enrollment store or wait on hold with Access Health for hours.  Either call our office at 203-796-5403 or send an email to admin@croweandassociates.com

INCOME LIMITS FOR 2015

If you are the only person in your household:

• If your yearly income is between $11,670 and $46,680, you may qualify for lower premiums on a Marketplace insurance plan.
• Your yearly income is between $11,670 and $29,175, you may qualify for lower premiums and out-of-pocket costs for Marketplace insurance.
• Your yearly income is below $16,243 and your state is expanding Medicaid, you may qualify for Medicaid coverage.
•  Or, if your yearly income is below $11,670 and your state isn’t expanding Medicaid, you may not qualify for any Marketplace savings programs.

If there are 2 people in your household:

• If your yearly income is between $15,730 and $62,920, you may qualify for lower premiums on a Marketplace insurance plan.
• Your yearly income is between $15,730 and $39,325, you may qualify for lower premiums and out-of-pocket costs for Marketplace insurance.
• In fact, If your yearly income is below $21,983 and your state is expanding Medicaid, you may qualify for Medicaid coverage.
• Additionally, if your yearly income is below $15,730 and your state isn’t expanding Medicaid, you may not qualify for any Marketplace savings programs.

 There are 3 people in your household:

• If your yearly income is between $19,790 and $79,160, you may qualify for lower premiums on a Marketplace insurance plan.
• Or your yearly income is between $19,790 and $49,475, you may qualify for lower premiums and out-of-pocket costs for Marketplace insurance.
•  Your yearly income is below $27,724 and your state is expanding Medicaid, you may qualify for Medicaid coverage.
• Additionally, If your yearly income is below $19,790 and your state isn’t expanding Medicaid, you may not qualify for any Marketplace savings programs.

When there are 4 people in your household:

• If your yearly income is between $23,850 and $95,400, you may qualify for lower premiums on a Marketplace insurance plan.
• Or your yearly income is between $23,850 and $59,625, you may qualify for lower premiums as well as out-of-pocket costs for Marketplace insurance.
• If your yearly income is below $33,465 and your state is expanding Medicaid, you may qualify for Medicaid coverage.
•  Your yearly income is below $23,850 and your state isn’t expanding Medicaid, you may not qualify for any Marketplace savings programs. below

There are 5 people in your household:

• If your yearly income is between $27,910 and $111,640. You may, in fact qualify for lower premiums on a Marketplace insurance plan.
• Or your yearly income is between $27,910 and $69,775, you may qualify for lower premiums as well as out-of-pocket costs for Marketplace insurance.
• When your yearly income is below $39,206 and your state is expanding Medicaid, you may qualify for Medicaid coverage.
• Additionally, If your yearly income is below $27,910 and your state isn’t expanding Medicaid. You may not qualify for any Marketplace savings programs.