Like many low and middle-income Americans, because of the Affordable Care Act, when you buy individual health insurance from the new electronic marketplaces, you may find that you and your family members are eligible for a federal subsidy. But, how much will the subsidy be? How do you go about qualifying for a subsidy? And how will you know if you qualify?

Here are some answers to the most common questions about the subsidy program:

How can I find out if I qualify for a subsidy?

The website Healthcare.gov will steer you to your specific state’s insurance marketplace (called an exchange), where you can shop for insurance online. The health insurance tax credit is only available if you purchase your insurance on the exchange.

What information will I need?

You will need to provide basic information, such as your age, family size, ZIP code, and your 2014 expected income. If your individual income is within 100 to 400 percent of the designated federal poverty level, your health insurance premium will immediately be offset by a tax credit that can be applied toward your health insurance premium.

For more information about how to shop for insurance at the electronic marketplace, or how to determine if you are eligible for a federal subsidy, contact the health law experts at D&S Insurance Services today. Call us to find out if you qualify for a subsidy — you might be pleasantly surprised.