I have been hearing horror stories about prohibitively expensive Obamacare insurance quotes.  So together with my friend Sheila, we logged on to the NY State Official Health Plan Marketplace and pretended to be shopping for insurance right here in Suffolk County.

Note (and this is important) the cost varies depending on where you reside.  The different insurance carriers have different quotes of course.  And most importantly the cost varies according to your taxable income.  Your premium should be reduced (advanced Tax Credit) if your taxable income is below $45,960 for a single individual, or below $94,200 for a family of four.

Here are several scenarios (all of them for a gold plan, annual deductible $600 per person, or $1200 per family) and applicable to Suffolk County residents.  The quoted premiums are for the family and represent the cheapest quote.  Make sure that your doctor accepts the insurance plan you choose!

Taxable Household income $75,000
2 adults no dependent children:  Monthly premium for the family $877 + (depending on Plan). NO CREDITS

Taxable Household income $75,000
2 adults and 2 dependent children:  Monthly premium for the family $740 + (depending on Plan). Advanced Tax Credit $137

Taxable Household income $50,000
2 adults and 2 dependent children:  Monthly premium for the family $427+ (depending on Plan). Advanced Tax Credit $450

Taxable Household income $25,000
1 adult and no dependent children:  Monthly premium $217 + (depending on Plan) – Advanced Tax Credit $221

Taxable Household income $14,000
1 adult and no dependent children:  Monthly premium $0  – medicaid

This does not sound too bad at all.