The costs depend on how much you make. But don’t let that scare you off. Most of the 10 million people who already have insurance through the marketplace receive a federal subsidy to help them pay the monthly premiums. Remember you must pay your monthly premiums to stay in the plan.
In general, you may be eligible for a subsidy if, for example, you are single and your 2019 income falls between $12,490 and $49,960; or if you are a family of three and you have a household income between $21,330 and $85,320. You have options. You can choose to use the subsidy to lower your premium, or you can pay the full premium and deduct the subsidy from your federal income taxes.
In addition, more than half of marketplace enrollees qualify for assistance that defrays the cost of deductibles and copays. To be eligible, individual income in 2019 must be between $12,490 and $31,225, for example. To determine whether you will qualify, use the subsidy calculator at healthcare.gov/lower-costs.
If you qualify for a subsidy, you likely won’t be affected by premium increases. Under the ACA, the subsidy increases in proportion to the rate increases.