# ObamaCare Rate Calculator – Premium for me (55) and wife (47) is \$17,171 a year, 70% coverage, plus out-of-pocket \$14,232 a year

There is no subsidy for a couple earning \$65k+ a year combined. We included the \$5,300 smokers surcharge in our calculation. This will DESTROY what’s left of the middle class, here the calculator…

http://kff.org/interactive/subsidy-calculator/

The penalty/tax will be phased in from 2014 to 2016.

The minimum penalty/tax in 2016 will be \$695 per person and up to 3-times that per family. After 2016, these
amounts will increase at the rate of inflation.

The minimum penalty/tax per person will start at \$95 in 2014 (and then increase through 2016)

No family will ever pay more than 3X the per-person penalty, regardless of how many people are in the family.

The \$695 per-person penalty is only for those who make between \$9,500 and ~\$37,000 per year. If you make less than ~\$9.500, you’re exempt. If you make more than ~\$37,000, your penalty is calculated by the following formula…

The penalty is 2.5% of any household income above the level at which you are required to file a tax return. That level is currently \$9,500 per person and \$19,000 per couple. The penalty on any income above that is 2.5%. So the penalty can get expensive quickly if you make a lot of money.

However, the penalty can never be more than the cost of a “Bronze” heath insurance plan purchased through one of the state “exchanges” that will be created as part of Obamacare. The CBO estimates that these policies will cost \$4,500-\$5,000 per person and \$12,000-\$12,500 per family in 2016, with the costs rising thereafter.

So, basically, you’re looking at penalties of approximately the following at the following income levels:

Less than \$9,500 income = \$0
\$9,500 – \$37,000 income = \$695
\$50,000 income = \$1,000
\$75,000 income = \$1,600
\$100,000 income = \$2,250
\$125,000 income = \$2,900
\$150,000 income = \$3,500
\$175,000 income = \$4,100
\$200,000 income = \$4,700
Over \$200,000 = The cost of a “bronze” health-insurance plan