Tax Subsidy Calculator
The subsidy is based on a formula the government created to help you afford health insurance. The subsidy amount will be sent directly to your insurance carrier each month in 2015 to pay a portion of your premium. You will need to pay the remaining amount. When you file your 2015 taxes, the subsidy will be adjusted to reflect your actual income. Be aware, you may owe more in taxes if you underestimate your income. It can also be increased should your income fall below your expectation. However, if you are eligible for Medicaid, no subsidy is allowed. Please consult with your tax preparer for personal advise.