7.23.20

The 2021 ACA premium tax credit indexing adjustments have been released.

The 2021 ACA premium tax credit indexing adjustments have been released.

Taxpayers are allowed a refundable premium tax credit to help pay for health insurance purchased through a healthcare exchange.

Where household income as a percentage of the federal poverty line is: less than 133%, the initial percentage is 2.07% and the final percentage is 2.07%; at least 133% but less than 150%, 3.10% and 4.14%; at least 150% but less than 200%, 4.14% and 6.52%; at least 200% but less than 250%, 6.52% and 8.33%; at least 250% but less than 300%, 8.33% and 9.83%; and at least 300% but not more than 400%, 9.83% and 9.83%. For plan years beginning in 2021, the required contribution percentage is 9.83%.