Health insurance subsidy calculator

"This tool illustrates health insurance premiums and subsidies for people purchasing insurance on their own in new health insurance exchanges (or “Marketplaces”) created by the Affordable Care Act (ACA). Beginning in October 2013, middle-income people under age 65, who are not eligible for coverage through their employer, Medicaid, or Medicare, can apply for tax credit subsidies available through state-based exchanges."

Henry Kaiser Family Foundation

NASHVILLE, Tenn. (AP) -- Starting October 1st, Tennessee residents will be able to shop for health insurance in the new Affordable Care Act marketplace.

Average premiums for Tennesseans seeking coverage under new health insurance markets launching next week rank near the lowest among the 36 states where the federal government is taking the lead to cover uninsured residents.

Before tax credits that work like an up-front discount for most consumers, sticker-price premiums for a mid-range benchmark plan will average $245 a month, well below the national monthly average of $328. Only Minnesota's average premiums are cheaper, at $192 per month.

Premiums under the cheapest plan offered in Tennessee would average $181 per month, the third-lowest rate in the country.

The premiums unveiled Tuesday don't include tax credits. The bottom line will depend on income, location, plan type, family size and even tobacco use.

To get an idea of what your premiums could cost, and what your family might get in federal tax credits and subsidies, use the calculator below:

From the Henry J. Kaiser Family Foundation:

"With this calculator, you can enter different income levels, ages, and family sizes to get an estimate of your eligibility for subsidies and how much you could spend on health insurance. As premiums and eligibility requirements may vary, contact your state’s Medicaid office or exchange with enrollment questions."


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