Obamacare Tables: What You Need to Know
The latest stimulus bill has updated the Obamacare tables, which will affect the amount of financial assistance that some people receive for their health insurance. Here’s what you need to know about the changes and how they could impact you.
What are the Obamacare Tables?
The Obamacare tables are used to determine how much financial assistance you qualify for through the Affordable Care Act (ACA). The tables take into account your income, family size, and the cost of health insurance in your area. If you qualify for financial assistance, you will receive a subsidy to help you pay for your health insurance premiums.
What has changed in the latest stimulus bill?
The latest stimulus bill increases the amount of financial assistance that some people receive for their health insurance. The bill also makes it easier for people to qualify for financial assistance.
How will the changes affect me?
If you receive financial assistance for your health insurance, you may see an increase in your subsidy amount. You may also qualify for financial assistance if you did not previously qualify.
What do I need to do?
If you receive financial assistance for your health insurance, you will need to update your income on Healthcare.gov. You can do this by logging into your account and clicking on the “My Profile” tab. You will then need to click on the “Income and Family” section and update your income information.
If you do not have a Healthcare.gov account, you can create one by visiting the Healthcare.gov website. You will need to provide your personal information, including your Social Security number and income information.
How can I get help?
If you need help updating your income on Healthcare.gov, you can call the Marketplace Call Center at 1-800-318-2596. You can also get help from a licensed agent.
Conclusion
The changes to the Obamacare tables could mean that you qualify for more financial assistance for your health insurance. If you receive financial assistance, be sure to update your income on Healthcare.gov. If you do not have a Healthcare.gov account, you can create one by visiting the Healthcare.gov website.
Question? or Need a Free Quote?
Contact Us
Reach out to us for free expert insurance advice and solutions. We will help you solve ACA (Obamacare) related questions and problems. Will contact you within 24 hours of receiving your message.