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The upcoming change that requires all individuals to have an individual health insurance policy is making many concerned about what it means for them. The biggest concern that people are expressing is one of being able to afford a policy as health insurance isn’t cheap. Fortunately, the legislation foresaw the fact that cost would be an issue for the uninsured and took steps to alleviate the cost in the form of individual subsidies. There are two requirements needed in order to qualify for individual subsidies. One is to obtain an individual health insurance premium through an exchange and the other is to have income less than 400 percent of the federal poverty level (FPL). As an example, the FPL for a family of four in 2011 was $89,000. Individuals whose employers policy is too expensive or has inadequate coverage can also qualify for individual subsidies. The ACA has two kinds

Individuals may be concerned about the new Affordable Care Act, as it will require those without employer-paid insurance benefits to get their own health insurance. However, the government is aware that not everyone can afford to pay for their own insurance policies. As a consequence, there will be federal subsidies for those that make under a certain amount. These subsidies will be available through a health care exchange and will be available to those that have income of less than four times the level of federal poverty. The methods by which the amount of the subsidy, as well as the premium limits associated with it, will be calculated are a little complex, but a health care exchange will be able to help interested individuals learn more. In general, however, the Affordable Care Act seeks to provide health insurance with as little financial damage to the insurance consumer as possible, and

In 2014, all Americans are required to have health insurance or pay a fine. This fact has many worried about being able to afford individual health insurance because they can’t afford an individual health insurance policy as they currently exist. The good news is, the Affordable Care Act took a proactive stance and included a provision that created individual subsidies to help offset the cost of coverage. In order to be considered eligible for the subsidies, there are two tests that have to be passed. One way to gain individual subsidies is to purchase insurance through an exchange and have income that is less than 400 percent of the federal poverty level. In 2011, the FPL amount for a family of four was $89,000 in gross income. The other option is when employer-offered health insurance is more than 9.5 percent of the total household income. A policy that costs this