Who Qualifies for Marketplace Health Insurance?
Qualifying for Marketplace plans can be confusing. Most families can qualify for lower premiums. Our local agents can show you your options and help you enroll.
The amount of subsidies, or help paying for your monthly premium, is based off four main things. Household size, ages, zip code and income. Your household includes everyone you include on your taxes as dependents, even if they don't need health insurance. We include those members that don't need health insurance through the Marketplace, because you still receive subsidies for them.
Your income is based on your adjusted gross income or line seven on your taxes. Most income is included in the number. This is point where figuring out if you qualify for subsidies gets confusing. Marketplace plans base subsidy on the amount you make compared to the federal poverty line. As long as your household makes between 100% and 400% above the federal poverty line, you could qualify for a Marketplace plan. For a one person household, 400% is about $49,000 in one year. If you have a family of 5 people, this number is about $120,000 in a year.
Let one of our local agents help you calculate this for you. We can usually get you a quote same day. There is never a charge to you for our service. Let Utah Avenue Insurance be your local health insurance advocate. You can reach us by email, call, text or schedule an appointment online.
Choosing a health insurance plan that's right for you
Utah Avenue Insurance can help you with your health insurance questions. Our local Utah health insurance agents can help you understand the different choices you have that fits your needs. Our local agents can take into consideration your primary doctor, medications, pre-existing conditions, planned treatments and health concerns you may have when picking a plan for you. Utah Avenue Insurance also has many great options to supplement your original health insurance plan so that you are fully insured. Contact one of our local Utah agents today. Call/Text 801-609-8699 or schedule an appointment.
After working a W-2'd job for years, I'm finally ready to start my own business. What are my options for health insurance?
Congrats on your new venture! One of our local agents can show you choices for health insurance on the marketplace and private health insurance. We'll take into consideration your health needs and budget when when helping you with your options. Contact us today!
How do I know if my family qualifies for subsidies on the Marketplace?
Subsidies are based off of family size, zip code and income. For example, a family of 4 that makes less than $100,000 would qualify for a subsidy. Our local agents can determine if you'll qualify over the phone or by text. Contact us today.
I've been laid off at work and they gave me the option for Cobra. It's so expensive, what are my options?
There are many more options for healthcare besides Cobra. We have great choices from Marketplace plans to private health insurance options. Let one of our local agents show you and your family what choices are available to you. We can help you make an informed decision.
What if I don't qualify for subsidies on the Marketplace. What are my options for health insurance?
Depending on your health needs, we can look at private health insurance options or full price Marketplace plans. Let one of our local agents assess your needs and find a plan or plans that will work for you and your family.