Title page
Contents
Summary 2
Introduction 5
Background 5
Eligibility 5
Calculation of Subsidy Amount 6
Premium Tax Credit Estimates 10
Hypothetical Example 1 10
Hypothetical Example 2 11
Hypothetical Example 3 12
Hypothetical Example 4 13
Hypothetical Example 5 14
Policy Considerations of Expanded Premium Tax Credit Provided by ARPA/IRA Provisions 16
Income Distribution and Ineligibility 16
Effect on Eligible Population 18
Differences in PTC Amounts 18
Premium Growth 19
Author Information 20
Disclaimer 20
Table 1. Income Levels Applicable to Eligibility for the Premium Tax Credit (PTC) for 2023, by Selected Family Sizes 6
Figure 1. Cap on Required Premium Contributions for Individuals Who Are Eligible for the Premium Tax Credit in 2023, ACA-Only Rules 8
Figure 2. Cap on Required Premium Contributions for Individuals Who Are Eligible for the Premium Tax Credit in 2023, ARPA and IRA Rules 9
Figure 3. Maximum Annual Premium Tax Credit for a Hypothetical Eligible Individual, by Annual Income, 2023 11
Figure 4. Maximum Annual Premium Tax Credit for a Hypothetical Eligible Individual, by Annual Income, Comparing ACA-Only and ARPA/IRA Rules, 2023 12
Figure 5. Maximum Annual Premium Tax Credit and Maximum Annual Required Contribution for a Hypothetical Eligible Individual, by Annual Income, 2023 13
Figure 6. Maximum Annual Premium Tax Credit for Hypothetical Eligible Individuals, by Selected Ages and Annual Income, 2023 14
Figure 7. Maximum Annual Premium Tax Credit for Hypothetical Eligible Individuals, by Selected Locations and Annual Income, 2023 15
Figure 8. Annual Income Distribution of One-Person Households, 2022 17