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The subsidy is reduced by 3.35 percentage points per additional employee and 2 percentage points per additional $1,000 of average compensation. As an example, a 16 FTE firm with a $35,000 average salary would be entitled to a 10% premium subsidy. [113]
The subsidies for insurance premiums are given to individuals who buy a plan from an exchange and have a household income between 133% and 400% of the poverty line. [38] [44] [45] [46] Section 1401(36B) of PPACA explains that each subsidy will be provided as an advanceable, refundable tax credit [47] and gives a formula for its calculation: [48]
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
Allowing Biden’s subsidies to sunset would make Obamacare coverage more expensive across the board — Households currently pay 44% less for health plans on average than they would under the ...
The Patient Protection and Affordable Care Act, better known as Obamacare, has a number of complex provisions. But many people see one particular quirk as a complete mistake, and it's one that can ...
Premiums are going up again on the federal Affordable Care Act exchange, but generous subsidies will shield most consumers seeking coverage from the increased cost.. The average monthly premium ...
In 2010, KFF began providing resources for consumers seeking information about the then new health insurance law, the Patient Protection and Affordable Care Act with a series of animated videos [7] explaining the health law and health insurance terms as well as a calculator [8] for people to estimate what health insurance coverage would cost them.
Nearly 1 million additional Americans will have access to ObamaCare subsidies next year under a final rule issued Tuesday by the Biden administration. The rule fixes the so-called family glitch, a ...
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