Finally got my Health Insurance. The Affordable Care Act isn't that good.

[DebJ]

154. and this also:

Looking at this makes me think that only the Silver plan premium can be used to CALCULATE the amount of a tax credit,
but that doesn't necessarily mean you are limited to only signing up for the silver or less.



Does the amount of the tax credit vary with income?

Yes. People living at between 100 and 133 percent of poverty level will pay at most 2 percent of their income for health insurance, while those at between 300 and 400 percent of the poverty level will pay a maximum 9.5 percent of their income. There is a sliding scale for incomes in between, as laid out in the chart in this report.

The cost of the premium is based on the “silver plan” – the second-lowest-cost health plan of four that are offered in each exchange. The silver plan covers 70 percent of health-care costs. The least-expensive plan, bronze, covers 60 percent. The gold plan covers 80 percent, and the platinum plan covers 90 percent.


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So how much will insurance end up costing after the subsidy?

That will depend on where you live, how much you make, and which plan you choose. The nonprofit Kaiser Family Foundation presents the example of Pat, who is 45 and will have a 2014 income of $28,735 (250 percent of poverty). The “silver plan” in Pat’s area is expected to cost $5,733. But under the ACA, Pat would pay at most 8.05 percent of income on health insurance, or $2,313 ($192.74 a month). So Pat’s tax credit is $3,420.
http://www.csmonitor.com/USA/DC-Decoder/2013/1001/Obamacare-101-how-the-federal-subsidy-works-video