The Health Insurance Marketplace or Health Benefits Exchange helps people who do not have insurance find insurance they can afford.
Starting October 1, 2013, you can use the Marketplace to:
- Compare health plans to pick the best one for you and your family
- Find out if you qualify for tax credits that help lower the cost of your health insurance
- Find out if you qualify for government programs, like Medicare, Medicaid, and the Children’s Health Insurance Program.
- Uninsured individuals who earn between 133% and 400% of the federal poverty level will be eligible for tax credits to help with the cost of insurance through the Marketplace. In 2013, this would mean a monthly income between $1,274-$3,832 for a single individual or between $2,165-$6,512 for a family of three.Income Eligibility for Subsidies in the Health Insurance Marketplaces – 2014
|How many people are in your family? If:||Your income each month must be between:|
Families and individuals who will get their coverage through the Health Insurance Marketplaces and whose incomes are between 133-400% of the federal poverty level will receive subsidies which will lower the amount they pay for their premiums.
You can check out the Marketplaces at the websites below:
Virginia has opted to allow the federal government to operate their exchange. Please go to http://www.healthcare.gov and select Virginia as your state of residence.
For more information about the Health Insurance Marketplace, see: http://www.ngoziproject.org/resources/healthcare-reform.html