According to the ACA Law, tax credits will be allowed up to 400% of federal poverty level. Here is a link I found showing those income levels:
http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html
Tax credits are based on income; the lower the income, the higher the tax credit given. There are also out-of-pocket reductions given to those with low incomes up to 250% of federal poverty level. That will be needed, as those deductibles, etc., look to be pretty steep for the lower premium plans.
Hope this information helps.
Very good information. But as I said last week, take the family who would have an $835 monthly premium, but with deductions and various subsidies can reduce that to $135, who picks up the tab for the balance?
Just because that the policy holder only pays $135/month out of pocket doesn’t mean the balance goes away. Taxpayers will make up the balance.