Did you know that you may be eligible for lower-cost health insurance? An Obamacare subsidies calculator can estimate your potential savings! But first, let’s explore why there are “subsidies.”


Most Americans are now required to have health insurance under the Patient Protection and Affordable Care Act. However, the cost can be above the household budget for many families. So, in an effort to make insurance plans more affordable, the government provides “subsidies”.

For health insurance, subsidies work in two basic ways: premium tax credits and cost-sharing reductions. Both of these are government-provided methods to reduce the cost for families and small businesses.

Using Obamacare Subsidies Calculators

There is very little information you need before beginning to use an Obamacare subsidies calculator. You may even know the key information off the top of your head.

  1. Your state
  2. How you will enter your income (current year in dollars or percent of poverty level)
  3. Your household income or percent of federal poverty level
  4. Your available coverage (employer options)
  5. The number of people in your family (adults and children)

The calculator will not ask for any of your contact details. And, when you plug your information into the calculator, don’t worry if your income isn’t exactly correct. You can easily change any details you’ve used. The calculator will estimate:

  • Your eligibility
  • What you will most likely pay with financial help
  • What you will most likely pay without any financial help

The calculator will also give you some useful tips about selecting plans and coverage levels.

Use a Calculator We Trust Here

Did using the Obamacare subsidies calculator bring up questions about health insurance costs?

If you would like personalized help finding health insurance within your budget, contact HealthMarkets. Our licensed agents are available in person, or you can contact us 24/7 at (800) 304-3414.


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