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You input your family size, composition, and income and the calculator produces an estimate of the size of the subsidy you might get, your out of pocket costs, and the percentage that of your medical expenses the insurance will cover.
The subsidy calculator does this by using the second most expensive plan, which is called the silver plan.
The calculator also figures out those same things using the least expensive plan called the bronze plan.
For a single parent with one child earning $30,000 a year, the silver insurance plan would cost $1800 per year or $150 per month for a plan that covers 87% of medical expenses.
For the same family, getting the bronze insurance plan would cost $955 per year or $80 per month for a plan that covers 60% of medical expenses.
A family of 4 two parents and two children earning $50,000 a year, the silver plan would cost $3365 per year or $280 per month for a plan that covers 73% of expenses in total of covered benefits.
For the same family, getting the bronze plan would cost $1400 per year or $$117 per month for a plan that cover 60% of expenses in total of covered benefits.
Iamme, can you tell us where you get these prices? I am paying $445 a month for two people, $2500 deductible and with co-pays.
Or is this one of those where if you don't work we pay your way AGAIN.
I put a link in that post. I can see it. It is a subsidy calculator from the Kaiser family foundation.
I will write out the address. Well writing out the address didn't work. I'll paste a copy of it again. That works for me. Hope that helps. http://kff.org/interactive/subsidy-calculator/
Thanks for the link, Iamme. I'm self-employed and was priced out of the market a long time ago, but now for the first time in over 10 years I can actually see myself being able to afford insurance again. For anyone who has been uninsured and knows how scary that is, this is a godsend.
He's speaking to HIS voters. You know, the ones who don't pay taxes and max out the welfare bennies.
And who got free Obamaphones.
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