One of the lesser-known facts about Obamacare is that, starting in 2014, it provides financial help to millions of eligible Americans. This is a big deal—for the country, for the middle class, and for people who have been looking forward to the day that they can finally get affordable health care.
We have an opportunity to make sure our friends and family know the truth about what Obamacare’s financial assistance is and what it means. Check out the calculator below from the Kaiser Family Foundation to see how the financial assistance works.
Individuals earning up to $45,000 per year—or families of four earning up to $94,000 per year—will be eligible to receive financial assistance to help pay for health insurance. Nearly half of all people who currently buy their own health insurance will be eligible for financial assistance, and they’re expected to save $2,700 a year on average.
Something else you should know—a group of Republicans in the House of Representatives are trying to take all that away.
The facts are on our side. We’ve got to spread the word about how Obamacare is already providing Americans with better benefits—and how it will help millions more in the months to come. So crunch the numbers yourself—and share it with your family and friends.
Use the KFF Health Care Calculator to see what kind of costs you can expect in the Health Insurance Marketplaces thanks to the Affordable Care Act. With this calculator, you can enter different income levels, ages, and family sizes to get an estimate of your eligibility for subsidies and how much you could spend on health insurance. As premiums and eligibility requirements may vary, contact the New Mexico Medicaid office or health exchange with further enrollment questions.
Learn more about the Affordable Care Act, or ‘Obamacare,’ at our Obamacare Resource Center. Click Here.