Who qualifies for the ACA Premium Tax Credit?

Households with MAGI between 100% and 400% of federal poverty level who purchase coverage through the marketplace and are not eligible for affordable employer-sponsored coverage. Enhanced subsidies extended through 2025 also help those above 400% FPL.

How is the premium tax credit calculated?

Credit = cost of second-lowest-cost Silver plan in your area minus your required contribution (a capped percentage of income from 0% to 8.5% based on income level). The credit covers the premium above your contribution cap.

What is the benefit cliff at 400% FPL?

Enhanced subsidies extended through 2025 eliminate the 400% FPL cliff. If your income is above 400% FPL, premiums are capped at 8.5% of income. Without extension, the cliff would return after 2025.

What happens if I over-receive advance PTC?

If actual income exceeds estimated income, you repay excess APTC received. Repayment is capped for incomes under 400% FPL. No cap for incomes above 400% as full repayment is required.

How does the PTC interact with HSA?

To contribute to an HSA, you must be enrolled in an HDHP. HSA-eligible Silver plans exist on the marketplace. Lowering MAGI through pre-tax deductions can increase PTC by moving you to a lower income tier.

US ACA Premium Tax Credit (PTC) Calculator 2024

Calculate ACA premium tax credit for marketplace health insurance. Credit = benchmark plan premium minus your contribution cap (capped at 0%-8.5% of household income based on FPL percentage).

Use the full interactive calculator below, or

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Frequently Asked Questions

Who qualifies for the ACA Premium Tax Credit?

How is the premium tax credit calculated?

What is the benefit cliff at 400% FPL?

What happens if I over-receive advance PTC?

How does the PTC interact with HSA?