Am I Eligible for a Health Insurance Subsidy in 2016?

Eligibility for a subsidy on your health insurance is determined based upon your household income level and the number of people in your household.

The income levels are tied to the Federal Poverty Level and are adjusted each year.

For 2016 coverage, here are the income limits:

Subsidy Eligibility for 2016 Health Insurance

# People in Your Household
	1	2	3	4	5	6
You may qualify for a premium subsidy if your yearly income is between ….	$11,770 -$47,080	$15,930 – $63,720	$20,090 -$80,360	$24,250 – $97,000	$28,410 – $113,640	$32,570 – $130,280
You may qualify for a premium subsidy AND lower out-of-pocket if your yearly income is between…	$11,770 – $29,425	$15,930- $39,825	$20,090 – $50,225	$24,250 – $60,625	$28,410 – $71,025	$32,570 – $81,425

Source: Federal Poverty Level Guidelines

Virginia Medical Plans Can Help

We can tell you if you will likely qualify for a subsidy AND help you obtain the subsidy when you buy your health insurance through your state’s exchange.

Open enrollment for 2016 plans begins on November 1, 2015.  But you can start researching available plans at any time by visiting www.vamedicalplans.com or clicking on the INSTANT QUOTE button above.

Let us know if you have any questions.  We’ll be happy to help!  703-707-8270.