Under the Obamacare law, the cost of the premiums a family can be charged for health insurance varies according to the age of the people in the household, the number of children, and other factors.
CNSNews.com put a hypothetical family of five through the Kaiser Family Foundation subsidy calculator. In this family, there were three children and a mom and a dad who were both 56 years old–and who did not smoke.
This hypothetical family started out with an annual income of $110,280—exactly 400 percent of the Federal Poverty Level. According to the Kaiser Family Foundation subsidy calculator, their total annual premiums for an Obamacare-approved “Silver” health-insurance plan were $19,832. Under the Obamacare subsidy regulation, this family would be required to pay $10,477 of that premium—which equals 9.5 percent of their household income, the Obamacare cap on premiums for people earning between 300 percent and 400 percent of the Federal Poverty Level.