Affordable Care Act Premium Calculator

The Affordable Care Act (ACA), also known as Obamacare, has made health insurance more accessible and affordable for millions of Americans. Understanding your potential premium is crucial for planning your healthcare expenses. Our Affordable Care Act premium calculator helps you estimate your premium based on your age, income, and smoking status.

1. Select your age from the dropdown menu.
2. Enter your estimated household income.
3. Select the number of smokers in your household.
4. Click the “Calculate” button to see your estimated premium.

Our calculator uses the following formula to estimate your ACA premium:

Premium = (Income / FPL) * (Age Factor + Tobacco Surcharge) - Tax Credits

Where:

• Income is your estimated household income.
• FPL is the Federal Poverty Level for your household size.
• Age Factor is based on your age and the second lowest cost silver plan in your area.
• Tobacco Surcharge is an additional cost for smokers.
• Tax Credits are based on your income and reduce your premium.

ACA Premiums by Age and Income (2021)

Age	Income (200% FPL)	Income (400% FPL)

ACA Tobacco Surcharge (2021)

Smoking Status	Surcharge
Non-smoker	0%
Smoker	20%

• Shop around! Premiums vary by insurance company and plan.
• Consider a Silver plan if you qualify for cost-sharing reductions.
• Remember, this is an estimate. Your actual premium may vary.

What if my income changes throughout the year?

You can update your income mid-year to adjust your premium and any applicable tax credits.

Can I be penalized for not having health insurance?

The individual mandate penalty was eliminated in 2019, so there’s no penalty for not having health insurance.

For more information, visit the HealthCare.gov or the ASPE (Office of the Assistant Secretary for Planning and Evaluation).