"SECTION_15: REFUNDABLE TAX CREDIT FOR HEALTH INSURANCE
This section creates an advanceable, refundable tax credit for the purchase of state-approved, major
medical health insurance and unsubsidized COBRA coverage. To be eligible, generally, an individual
must not have access to government health insurance programs or an offer from any employer and be
a citizen, national or qualified alien of the United States, and not incarcerated. The credits are adjusted
by age:
• Under age 30: $2,000
• Between 30 and 39: $2,500
• Between 40 and 49: $3,000
• Between 50 and 59: $3,500
• Over age 60: $4,000"
I assume the unsubsidized COBRA is the full price group insurance for ex-employees. The cheapest option our Megacorp offers, costs about $24,000 a year for family. A family of 4 could qualify for $11,500 tax credit. The actual monthly premium less credit will be about $1042.