Problem
People can purchase insurance as individuals (rather than in a group plan) in health insurance exchanges. Before they buy, they can calculate the cost of their health insurance premiums and the amount of subsidies available to them. Use the Health Insurance Marketplace Calculator to generate estimates of health insurance premiums and subsidies for three imagined people purchasing insurance in health insurance exchanges. Give each one a different scenario of income, children, and geographical location. Is each person likely to be eligible for financial help? What financial estimates did the calculator come up with for a silver plan? What would be the out-of-pocket limit? How does the financial picture change if each person chooses a bronze plan. What are your recommendations for each person regarding their best insurance coverage choice? Support your answer with the scholar source.