[QUOTE=Jungle Shift Jet;4503155]Individuals whose employers don’t offer minimum essential coverage and whose household incomes are 133–400 percent of the federal poverty level (FPL) will qualify for federal subsidies
[B]Federal poverty level (FPL)[/B]
[U]For an individual[/U]
133% = $14,404
400% = $43,320
[U]Family of four[/U]
133% = $29,326
400% = $88,200
Generally, individuals will be eligible for subsides in the form of premium tax credits and cost sharing assistance if their household income is 100–400 percent FPL, and their share of employer-offered coverage (if applicable) exceeds 9.5 percent of their household income. Most individuals between 100–133 percent of FPL will be eligible for Medicaid and as such, ineligible for these subsidies. to help them pay their insurance premiums or cost sharing obligations (e.g., co-insurance or co-payments) under a plan they purchase through a state exchange.
Individuals who do not obtain or retain qualifying health care coverage will be required to pay a penalty as part of their income tax returns. In 2014, the penalty is $95 or 1 percent of the individual’s income, whichever is greater. By 2016, it increases to $695 or 2.5 percent of income. For families, the maximum penalty is three times the per-person flat-dollar penalty. The penalty for dependent children without coverage is half the cost of the individual flat-dollar penalty (e.g., $47.50 in 2014).
Here's a hypothetical which may require both doggin and cpa.
Suppose my income is say $400,00 a year. BUT, my [B]taxable[/B] income is only $50,000 for my household because most of my income is in tax free bonds. What would be my status for either subsidy or penalty?