Obamacare Health Insurance Estimated Premium and Subsidy Calculator

While we do not pretend to understand the workings of the Affordable Care Act, we do understand that it will have a dramatic impact on both the health care industry and individual budgets, an impact that is difficult to calculate.

As a public service here at The Mint, we are embedding a calculator created by the Kaiser Family Foundation which will give individuals and families a general idea of how Obamacare will affect their premiums:


In any event, it is important to understand that, barring Congressional action to the contrary, anyone who does not have coverage in place before January 1, 2014, will pay a penalty on their tax return equal to $95 or 1% of their income, whichever is greater.

This penalty will first be assessed on 2013 income, meaning you must have a health plan in place before January 1, 2014 to avoid paying a penalty on your 2013 taxes.

Stay healthy and fresh!

Let us know your thoughts!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Fresh ideas on Economics, Monetary Theory, Politics, and Less Pressing but Equally Entertaining Matters for the English and Spanish speaking worlds