Q. I’m not poor – I have my own business and earn about $35,000 a year. But I can’t afford health insurance. In 2014, is it likely that I will be eligible for a government subsidy to help me buy insurance? How will this work? How would I apply?
A. Nearly 26 million Americans will be eligible for tax credits to help them buy insurance next year, but most don’t know it. (If you earn less than $45,960 ($94,200 for a family of four) you will qualify.
To apply, you will fill out a three-page form. The federal government will pay the subsidy directly to insurers on a monthly basis.