Step by step details on how to calculate your Obamacare tax subsidy using the healthedeals.com health care reform calculator.

1. Calculating Your Obamacare
Tax Credit
How you can qualify for a premium
tax credit, and who is eligible for a
tax subsidy.

2. Premium Tax Credits
Starting January 2014, if you
buy health insurance from the
Obamacare marketplace, you
may be eligible for a premium tax
credit
Who qualifies?
–
Individuals and families who purchase
health plans from the state-based and
federally facilitated exchanges
Tax credits are based on
household income

3. Who is eligible?
According to the IRS, to be
eligible for a tax credit you
must:
−
Purchase health insurance through
the exchanges
−
Meet certain income limits
−
File a joint return, if married
−
Not be a dependent
−
Not be eligible for other plans

4. Receiving your tax credit
When it comes to receiving
your tax credit, you have two
options:
−
Request some or all of your
estimated credit be paid in
advance, which lowers your
monthly premium throughout the
year
−
Wait until 2015 when you file your
2014 tax return and receive the
credit then

5. Buy from Exchange, or not?
Trying to decide whether or
not to buy from an exchange?
−
Online calculators make finding
out what credit you qualify for
easy
−
The Health Care Reform Calculator
at healthedeals.com has been
recognized by Financial Times as
one of its “Best Online Tools for
the Toughest Health Questions”

6. Need help?
When in doubt, talk to a health insurance or tax advisor about
Obamacare-related tax credits and cost-sharing subsidies. You
can contact a healthedeals.com insurance advisor at:
888-839-7679