General Discussion
In reply to the discussion: Just got my ACA premium notice for next year [View all]davekriss
(4,616 posts)But you missed one very important fact. The letter above, for 2015, adds this very very important note: "This is based on your 2014 APTC amount...". This little fact makes a big difference to your final premium. IT WILL NOT BE $101.67 per month (unless your income has changed). The Advanced Premium Tax Credit is based on the maximum percent of your income that will be required to buy a Silver plan in your area. If the plan above is a Silver plan and your income is unchanged, then the APTC for 2015 will be higher than it was for the same plan in 2014. You will pay no higher percentage of your income for the same policy. Uncle Sam will pay the difference. You'll learn this after the exchange opens.
It would have been beneficial if Humana included in their note that your 2015 APTC may be higher or lower than it was in 2014 based on changes to your income and their premium. All else being the same, your share will stay the same and Uncle Sam pays the difference. Really!