Many people who do not have health insurance now in NC are afraid to apply because they think individual health insurance in NC will be too expensive. The reality is over 70% of people will qualify for a tax subsidy which will make that health insurance surprisingly affordable for most families.
What are the rules to be eligible for a tax subsidy in NC? They are as follows:
- Be between 100% and 400% of the federal poverty level (FPL). FPL is the amount of income that determines the poverty threshold and is based on the number of members in your household.
- Not eligible for public coverage, such as Medicaid, the Children’s Health Insurance Program, Medicare or military coverage.
- Not have access to insurance through an employer or it costs more than 9.5% of his or her income.
- You must be a US citizen, a US National or a legal US resident who files a tax return.
You may be surprised who qualifies. A family of four with an annual income of as much as $95,400 may receive a subsidy. The chart below shows the ranges for 2015:
We did not expand Medicaid in NC so if you are under $11,670/yr. income you will not qualify for a subsidy. You may be eligible to apply for Medicaid.
If you would like a free quote for anywhere in NC, just give us a call. Our experienced NC health insurance agents would love to help. (919) 977-1272. We will walk you through the process and make it easy for you to apply for individual health insurance for you and your family.
Health Plans Raleigh and NC
(919) 977-1272