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Renewal of Premium Discounts 

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A quick "Under the Hood" look at  Premium Discounts through The Insurance Marketplace -  Healthcare.gov 

To make premiums affordable - the Affordable Care Act allows consumers to apply for 
"Advanceable Premium Tax Credits " .

These apply to individuals and families with modified adjusted gross income  (MAGI -  in tax talk ) between 100 % - 400 % of the FPL (federal poverty level ).  

Then there is a sliding percentage of this income that you should pay for  a baseline insurance plan.  2% - 9.5% 


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These  FPL  values will change for 2015.

Insurance plans are now banded into " Metal Levels " -  Platinum, Gold, Silver, Bronze.  The Marketplace takes the " second lowest cost " Silver plan as the baseline.

These plans are rated by age ( but not gender)  - so this premium will change based on age for 2015.

Also -  the insurance companies are allowed to change premiums based on claims. Never your own claims individually - instead everyone in the state. There are also area factors - basically how well the insurance companies negotiate benefit payments to medical providers doctors and hospitals.

So the premium for the baseline Silver will change for 2015.

 So looking under the hood -
  • The Marketplace takes your estimated income for 2015.
  • Applies a percentage of income you will pay in premiums
  • Based on the Baseline Silver plan
  • At your current age ( as of effective date of coverage)
  • Then -  this is your Premium Discount.
You may then apply this discount to any plan you choose.  


And here's this:


Trout Insurance Services

Monday-Friday
8:30am-6pm & by Appointment


​Visit: 29 N Main St
Weaverville, NC 28787
     
Mail: PO Box 1414     
Weaverville, NC 28787  
Ph: 828.279.4681

Fax: 1.888.221.4842
​
contact@troutinsurance.com
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Trout Insurance is a Full Service Independent Insurance Agency Based in WNC. 
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  • Coverage
    • Home & Auto Insurance
    • ACA-2021
    • Health Insurance 2021
    • Medicare
    • AARP - Hartford
    • Life Insurance
    • Income Protection >
      • Disability Insurance
      • Long-Term Care
      • Critical Illness
      • Annuities
    • Dental, Vision, Accident
    • Health Insurance 2020
    • Employee Benefits
    • Business Owners >
      • Employee Benefits
      • Group Health Insurance
      • Commercial Property & Liability
      • Business Overhead Expense Disability
      • Disability for Business Owners
      • Critical Illness
    • Short Term Health
  • About Us
    • Our Story
    • Dave Trout >
      • DT Landing
    • Jessica Cody >
      • JC Landing
    • Jeremy Sheridan >
      • JS Landing
    • Jennifer Trout
    • Jan Trout
    • John Phillips >
      • JP Landing
    • Steve Dillingham
  • Reviews
  • Client Center
    • Client Center
    • Resources >
      • Insurance Partners
      • Lost Subsidy
      • 2019 Verification-a
      • Renewal 2020
      • Privacy Policy
      • BCBS Online Setup
      • APTC Income 2021 & Tax Form 1040
      • Asheville Homesharing
  • Community
    • Music on Main
    • Manna Fundraiser
    • Western Women's Business Center Conference
    • Mural on Main Street
    • Expanded Team- Next Generation
    • Back to School
    • Weaverology
  • Blog
  • Contact Us