Subsidy Calculator
You may be eligible for help paying for your health insurance when you purchase coverage through NY State of Health. Use the calculator below to see if you qualify.
* Required FieldSubsidy Calculator: Your Results
Based on the information provided, you may qualify for a monthly tax credit through NY State of Health to lower the cost of your premium.
Your Estimated Annual Tax Credit*: {{finalJson.CalculateAllSubsidyDataResult.Subsidy * 12 | currency}}
Your Estimated Monthly Tax Credit*: {{finalJson.CalculateAllSubsidyDataResult.Subsidy | currency}}
Your Estimated Federal Poverty Level**: {{finalJson.CalculateAllSubsidyDataResult.FPL | number:2}}%
*Tax credit eligibility is an estimation only and is subject to change. If your estimated tax credit appears as $0, this means that although your income qualifies you for a subsidy, there is an available Silver plan for purchase at a premium below what the government defines as the maximum you can spend on health coverage; therefore, no subsidy would be provided. Visit NY State of Health’s website for the most up-to-date calculation of your eligibility.
**Federal poverty levels are based on household size and household income, most often found on annual tax returns.
Reason:
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Person {{$index+2}}:
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Reason:
Person 1:
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Person {{$index+2}}:
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Reason:
Person 1:
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Person {{$index+2}}:
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Reason:
This household member may qualify for the Essential Plan, through NY State of Health, based on the household income’s percentage of the federal poverty level.
View Essential Plan Details Revise Your InformationReason:
Person 1:
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Person {{$index+2}}:
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Our subsidy calculator is designed to estimate federal premium assistance that may be available towards the cost of health insurance purchased directly by an individual (rather than through an employer). Using information you provide and the averages in the marketplace, it takes into account federal subsidies based on income, Medicaid eligibility, and other factors that impact premiums under the Affordable Care Act. This is only an estimate and not a guarantee. You must visit the NY State of Health for the most up-to-date calculation of your eligibility.
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How does financial assistance for health care work?
If you don’t have health insurance through your employer, you can shop for a plan through NY State of Health during Open Enrollment or a Special Enrollment Period. You may be eligible for financial assistance, in the form of a health care assistance program or tax credit, to help you pay for a plan. Eligibility is based on your household income and size.
How does the tax credit get applied to the monthly premium?
The NY State of Health will determine if you are eligible for a tax credit based on your household income and size. If you’re eligible and enroll in a plan, the tax credit will be paid directly to the insurance company which will reduce your monthly premium amount.
