Will the affordable care act affect you?

28 Oct 2014 9:22 AM | Pete Patel (Administrator)

Yes, we know, nobody likes having to pay more for health insurance.  There is a way to buy AND get tax credits.  Here is a chart that can be handy in determine tax credits as well as ways your accountant can advise on getting small business owners plans.


Number of Persons in Family

Income at 100% of FPL (2014)

Income at 400% of FPL (2014)

1

$11,670

$ 46,690

2

$15,730

$ 62,920

3

$19,790

$ 79,160

4

$23,850

$ 95,400

5

$27,910

$111,640

6

$31,970

$127,880

7

$36,030

$144,120

8

$40,090

$160,360

FPL rates in Alaska and Hawaii are slightly higher.

Federal Poverty Level

Maximum Premium Contribution as a % of Income

100%

2.0%

133.0%

2.0%

133.01%

3.0%

150%

4.0%

200%

6.3%

250%

8.05%

300%

9.5%

350%

9.5%

400%

9.5%


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