This calculator is an aid in determine if one is eligible for premium tax credits under the Affordable Care Act if the persons employer provides health insurance to the applicant.
If premiums for the employers lowest-cost plan are more than 9.66 percent (%) of the applicants familys income, he/she can get a tax credit for a Marketplace plan.
How it works:
1) First figure out 9.66% of the family income
2) Then figure out the premiums for a year that will be paid for the employees job insurance.
If the latter (2) is greater than the former (1) then the applicant qualifies for tax credits.
This tool will help make the above calculations.