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What is the minimum premium that qualifies for a subsidy and how does it effect the amount of reduction? From section 5, slide 33 of 59
Premium tax credits are calculated based on an individual’s “fair share” of premium. “Fair share” increases with income, and ranges from 3.5% of income at 139% of FPL to 9.5% of income at 400% of FPL.
Individuals will pay their “fair share” of premium, or the total premium, whichever is less.
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