Wednesday, September 25, 2013

Updated Health Reform Calculator Now Provides ZIP Code-Specific Premium and Tax Subsidy Results As Open Enrollment Approaches

Other Organizations Encouraged To Make the Calculator Available to the Public on their Websites.

The Kaiser Family ...Foundation has updated its health reform subsidy calculator to provide ZIP code-specific estimates of the insurance premiums and tax subsidies available for people who buy coverage for 2014 through the new state health insurance marketplaces.

By entering their ZIP code, income, age, family size and other factors into the calculator, consumers can get estimates of the tax subsidies and insurance premiums available to them if they were to purchase insurance through the marketplaces, or exchanges, once open enrollment begins Oct. 1.

The calculator includes local premium data from 46 states plus the District of Columbia. The remaining four states (Kentucky, Massachusetts, New York and Vermont) either set premiums using different formulas than other states or have not yet provided needed premium data. The Foundation hopes to expand the calculator to include those states in the future.

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