Saving on monthly health insurance premiums

New rules make it possible for many Americans to qualify for a tax credit (also called a subsidy) to help pay insurance premiums. The chart below illustrates the family income ranges that may qualify for a subsidy. The amount of your savings will depend on your household income and family size.

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Family income ranges that may qualify for a subsidy
Family Size Family Income
Individual $11,670 to $46,680
Family of 2 $15,730 to $62,920
Family of 3 $19,790 to $79,160
Family of 4 $23,850 to $95,400
Family of 5 $27,910 to $111,640
Family of 6 $31,970 to $127,880
Family of 7 $36,030 to $144,120
Family of 8 $40,090 to $160,360

Source: Department of Health and Human Services. 2014. How to save on monthly insurance premiumsOpens a new window