This Calculator Estimates Your Insurance Costs Through the New Healthcare Exchanges

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The health insurance exchanges created under the Affordable Care Act go live October 1st, 2013. According to the Kaiser Family Foundation, the new “Marketplaces” allow “middle-income people under age 65, who are not eligible for coverage through their employer, Medicaid, or Medicare, [to] apply for tax credit subsidies available through state-based exchanges.”

KFF’s Subsidy Calculator, embedded below, shows what people can expect in terms of both premiums and subsidies if they are purchasing insurance on their own through the exchanges.

Plug in your information – including location, income level and family size – to get an estimate of how much you could spend on health insurance.

States do have the option to expand Medicaid programs to cover all households making about $33,000 for a family of four. At this time Alabama has not opted to expand coverage. Premiums and eligibility requirements vary, so contact Alabama’s Medicaid office or exchange with enrollment questions.