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Congress removed the cap during the pandemic and extended to 2025 recently in the inflation reduction bill https://www.kff.org/policy-watch/five-things-to-know-
by fspeech 4y ago
Congress removed the cap during the pandemic and extended to 2025 recently in the inflation reduction bill https://www.kff.org/policy-watch/five-things-to-know-about-renewal-of-extra-affordable-care-act-subsidies-in-inflation-reduction-act/ https://www.kff.org/policy-watch/five-things-to-know-about-r... . Of course if premium (of Second lowest cost Silver plan (SLCSP) https://www.healthcare.gov/glossary/second-lowest-cost-silver-plan-slcsp/ https://www.healthcare.gov/glossary/second-lowest-cost-silve... , not the actual plan you buy) is below 8.5% of your income then there's no subsidy, which seems fair to me. So the subsidy depends on the cost (mainly your age) and your income. In the calculator you linked you can see what I mean by putting in an income of 100000 for an older couple and getting significant subsidy. Note one has to buy through the exchanges to qualify.