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r
rinki Posted on Jan 04, 2014

What all details does insurance quote software require for estimating subsidies under Obamacare?

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Shandra Benson

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  • Posted on Jan 05, 2014
Shandra Benson
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Another aspect that the above person missed is tobacco use. Tobacco use can have an impact on your subsidies, so take care while mentioning that in your application for insurance.

http://www.hcentive.com/health-insurance-quoting-software.html

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  • Posted on Jan 04, 2014
Priti Mishra
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An insurance quote software under Obamacare requires demographic, family income, number of dependents as the major details to estimate your eligibility for subsidies. Depending on these factors, the quote software is able to check the amount of subsidies you are eligible for.

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Related Questions:

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1answer
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Are all health insurers raising rates even for those not on Obamacare? Is this due to Obamacare?

No it is not due to Obama health care initiative. When this program started no one not even God (or the devil) know the final cost of it to consumers as there was no precedent for the huge system or how many Americans would sign on to it., they guessed on the first premiums, now after a few years they have the data in hand and thus the rate increases.
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Are insurance rate going up for all insured even if not on Obamacare?

They have gone up every year (40 years I am aware of personnely) from long before Obama care ever existed, so don't blame that.
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What is the impact of federal exchange platform for low-income, self-employed groups?

In a single word - subsidies. The federal exchange platform is a means to attain cheaper health insurance for people falling in the low income group. It does not matter if you are self-employed or not, these subsidies are available to people falling in 400% of the poverty level, and if you are eligible for those, you will receive major discounts on health insurance purchase.
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What is the main problem with the Obamacare health insurance exchange software?

There is not one, but many problems with the federal health insurance exchange software. However, simply put, the software was released without adequate testing and full functionality. The software still has a lot of loopholes which need a few months for a complete fix.
Dec 11, 2013 • Cell Phones
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Can insurance quoting software miscalculate my eligibility and provide more\less subsidies?

Well, with the current state of the federal marketplace, it wouldn't be a wonder if the insurance quoting software gives wrong details about eligibility and subsidies. It would be best if you take the help from a navigator along your application process.
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LCD problem, Oxford electronic dictionary

You are wrong there, the health insurance quoting software does not take medical history into account while calculating the subsidies. That is the beauty of Obamacare, health insurance for everyone at the same premiums.
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2answers

Health insurance quoting software calculate subsidies

The federal health Insurance quoting Software takes into account your basic details, like age group, family earning, past medical condition, and estimates the subsidies you are eligible for. I believe they are also dependent upon the kind of plan your purchase - bronze, silver, or platinum.
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