MOUNT VERNON — In theory, every American qualifies for the health insurance exchange, but it may not be the best option for some people.
Michael Percy, with Griffin Insurance, said, “If you are not applying for a subsidy, many other coverage options still exist in the traditional health insurance market and they can be more easily tailored to suit your needs.”
“Those who have been offered insurance through their employer will not be eligible,” said Donna Boggs, Madison-Colllins-Stephens Agency. “Those who are given a purchase option through their spouse’s coverage will not be eligible.”
People earning between 100 percent and 400 percent of the federal poverty level can qualify if they are not eligible for other sources of minimum essential coverage, including government-sponsored programs such as Medicare and Medicaid. This includes:
Individuals with modified adjusted gross incomes of $11,490 to $45,960 a year and families of four with modified adjusted gross incomes of $23,550 to $ 94,200 a year. You may qualify for cost-sharing subsidies based on your income. This includes: Individuals with modified adjusted gross incomes of $11,490 to $28,725 a year and families of four with modified adjusted gross incomes of $23,500 to $58,875 a year.
To find out if you qualify for a subsidy, visit www.healthcare.gov.
Contact Pamela SchehlEmail
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