New Health Insurance Options & Premium Savings - for Realtors, Entrepreneurs, Business Owners and Higher Income Earners.
Under the Covid 19 relief bill – American Rescue Plan - the calculation for premium discounts and subsidies thru HealthCare.gov have changed.
The "income cap" of 400% of the federal Poverty Level has been eliminated for 2021 and 2022. You may qualify for better insurance at a lower price. Even if your income (line 11 on your 1040) is greater than $51,000 single, $68,000 couple or $104,000 for a family of four – you may now qualify for a premium subsidy on a ACA plan.
Examples:
Healthcare Application Checklist
The "income cap" of 400% of the federal Poverty Level has been eliminated for 2021 and 2022. You may qualify for better insurance at a lower price. Even if your income (line 11 on your 1040) is greater than $51,000 single, $68,000 couple or $104,000 for a family of four – you may now qualify for a premium subsidy on a ACA plan.
Examples:
- A single person in mid thirties with income of $60,000 may now receive a subsidy of some $240 monthly.
- Married Couple, mid fifties, earning $85,000 annually; their discount could be about $1,3000 a month.
Healthcare Application Checklist
“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or call 1.800.Medicare to get information on all of your options.”
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