I was wondering if anyone who would qualify for a subsidy, has actually applied for insurance on line. I ask because on another forum, someone is saying that the Kaiser calculator is way off. He is saying when he plugs in his income, state, age, etc., the Kaiser calculator comes back saying he should receive a subsidy of $968 for the silver plan. He says, when he plugged his information into the actual exchange for purchasing a plan, his subsidy was only about $550.
Now I know there is a variance in the cost of plans you pick, but isn't the subsidy amount supposed to be calculated as a % of income. If not, how is it calculated? Has anyone gotten their subsidy amount verified? If so, did it resemble the subsidy amount shown on the Kaiser calculator? My understanding is the subsidy amount stays the same, and you can apply it to what ever plan you choose.
Now I know there is a variance in the cost of plans you pick, but isn't the subsidy amount supposed to be calculated as a % of income. If not, how is it calculated? Has anyone gotten their subsidy amount verified? If so, did it resemble the subsidy amount shown on the Kaiser calculator? My understanding is the subsidy amount stays the same, and you can apply it to what ever plan you choose.