Obama Care Insurance Cost Calculator

Posted by | October 17, 2013 | News

Calculate the cost of Obama Care with this tool.

Systemic glitches have left many users unable to access the Obamacare online exchanges, meaning those same users have no idea how much enrollment would cost them.

The Kaiser Family Foundation has a tool to help consumers figure out the cost of enrolling in the government-sponsored program.

Created in collaboration with National Public Radio, the Obamacare calculator was released Sept. 30 — a day before the online exchanges went live — but for some, it may provide the only window into knowing how much they’d pay.

The calculator also helps consumers figure out whether they will qualify for subsidized insurance coverage or Medicaid.

All you have to do is enter your ZIP code, income, family size and a few other bits of information to figure out how much the insurance premiums available on the Obamacare online exchanges will cost.

The calculator includes data from 46 states (and the District of Columbia) but excludes Kentucky, Massachusetts, New York and Vermont because those states either used different formulas to set their premiums or the Kaiser Family Foundation wasn’t able to access their data:

The tool was developed by the Kaiser Family Foundation to illustrate health insurance on premiums and subsidies for people purchasing insurance on their own in new health insurance exchanges (or “Marketplaces”) created by the Affordable Care Act (ACA). You can enter different incomes, ages, and family sizes to get an estimate of your eligibility for subsidies and how much you could spend on health insurance. For more information on methodology and to read answers to frequently asked questions, click here.

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