ACA Subsidy for $25,000 Income and $450 Benchmark Premium
Estimate your monthly premium tax credit on a $25,000 annual income with a $450 benchmark silver plan premium.
How to use this tool
- Estimate your household annual income (MAGI) for the coverage year.
- Enter the applicable contribution percentage from the ACA sliding scale (about 2% to 8.5%).
- Enter the monthly premium of the benchmark (second-lowest-cost Silver) plan.
- Read your estimated monthly subsidy and net premium, then confirm at HealthCare.gov.
Calculate how much ACA financial assistance a lower-income household earning $25,000 per year receives toward a $450 monthly benchmark plan.
Frequently asked questions
- How is the ACA subsidy calculated?
- The Marketplace caps your cost for the benchmark Silver plan at a percentage of your income that rises with income. The premium tax credit pays the difference between that expected contribution and the benchmark premium.
- What is the benchmark plan?
- It's the second-lowest-cost Silver plan offered in your area for your household. Your subsidy is tied to its premium, but you can apply the credit to any plan you choose.
- Why might my subsidy be zero?
- If your expected contribution (income times the applicable percentage) is higher than the benchmark premium, there's nothing left for the credit to cover, so the subsidy is zero.