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Tel:
1-800-662-3982
Email:
[email protected]
To estimate the total premium your workers would pay on individual plans with subsidies, complete the columns in red. The total monthly premium will be calculated at the bottom. This premium is based on the various income ranges for enrollment in the second-lowest-cost silver plan in their area. NJ residents may benefit from additional NJ state subsidies.
Household Income Ranges
8.5% of Income >=400%
Monthly Premium Cost
Top of Income Range per employee
Number of Employees
Combined Salary in Class
Total Monthly Premium
Less than 133%
Zero Percent
Zero Premiums
up to $7,698
$0.00
133% up to 150%
Zero Percent
Zero Premiums
up to $19,140
$0.00
150% up to 200%
Zero% to 2%
*
Varies based on
the number of household members
up to $25,520
200% up to 250%
2% to 4%
up to $31,900
250% up to 300%
4% to 6%
up to $38,280
300% up to 400%
6% to 8.5%
up to $51,040
i.e
Two employees earning $55,000 would be listed on the following line as 2 with combined salary of $110,000
$51,000.00
$60,000.00
$70,000.00
$80,000.00
$90,000.00
$100,000.00
$110,000.00
$120,000.00
$130,000.00
$140,000.00
$150,000.00
Older people and families are the biggest winners.
Total Monthly Premiu
m
Monthly cost is based on 2nd lowest cost silver plan in area with no smoker surcharges. NJ has no smoker surcharges.
*
Percentages based on the Federal Poverty Level (FPL)
In most states employees and families earning under 138% of the FPL are eligible for free Medicaid coverage.
Compare the Total Monthly Premium to your current group bill for monthly saves.
Typically the cost reflects any number of dependents as a Family of 4 making $100,000 will only pay $708.33.
The Federal Poverty level income limits increases based on the number of dependents on the tax return.
Allow the experts at 1 Stop Benefits, Inc. to give you professional advice if a transition from group to individual plans is in your best interest. We have solutions to automate the employee’s payment of premiums. We can show you how to compensate employees with some of the premium’s savings on a tax preferred basis.
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