Question
What is the estimated monthly premium for a single person aged 35 with an annual income of $60,000 on a bronze plan?
Answers
GPT-4o mini
To estimate the monthly premium for a single person aged 35 with an annual income of $60,000 on a bronze plan, we need to consider several factors, including the location, specific insurance provider, and marketplace variations. However, I can provide a general idea based on common values.
In the United States, bronze plans typically have lower monthly premiums with higher deductibles and out-of-pocket costs. As of recent years, the average monthly premium for a bronze plan for a single individual could range from approximately $200 to $400.
For a person earning $60,000, the premium might not be significantly subsidized, depending on eligibility for financial assistance through the Affordable Care Act (ACA). Generally, subsidies are available for individuals earning between 100% and 400% of the federal poverty level (FPL).
As of 2023, the FPL for a single person is about $14,580, so $60,000 is well above the 400% mark (approximately $58,320). Therefore, they might not qualify for premium subsidies.
Given these points, a rough estimate for a monthly premium for a bronze plan for a 35-year-old at this income level could be around $300, but it could vary widely based on location and specific insurance offerings. I recommend checking the Health Insurance Marketplace or consulting with insurance agents for more precise quotes based on individual circumstances.
In the United States, bronze plans typically have lower monthly premiums with higher deductibles and out-of-pocket costs. As of recent years, the average monthly premium for a bronze plan for a single individual could range from approximately $200 to $400.
For a person earning $60,000, the premium might not be significantly subsidized, depending on eligibility for financial assistance through the Affordable Care Act (ACA). Generally, subsidies are available for individuals earning between 100% and 400% of the federal poverty level (FPL).
As of 2023, the FPL for a single person is about $14,580, so $60,000 is well above the 400% mark (approximately $58,320). Therefore, they might not qualify for premium subsidies.
Given these points, a rough estimate for a monthly premium for a bronze plan for a 35-year-old at this income level could be around $300, but it could vary widely based on location and specific insurance offerings. I recommend checking the Health Insurance Marketplace or consulting with insurance agents for more precise quotes based on individual circumstances.