When you shop for a health plan, you'll be able to see if you qualify for financial assistance that can lower the costs of your plan.
Keep reading to learn more.
The tax credit lets you choose between a lower monthly premium payment or a lump sum refunded with your tax return.
How much help you can get depends on your income and family size. It's available to a wide range of income levels, including people with incomes between 100 and 400 percent of the Federal Poverty Level.
|INDIVIDUAL||$12,060 - $48,240|
|FAMILY OF 2||$16,240 - $64,960|
|FAMILY OF 3||$20,420 - $81,680|
|FAMILY OF 4||$24,600 - $98,400|
|FAMILY OF 5||$28,780 - $115,120|
|FAMILY OF 6||$32,960 - $131,840|
When you go to the doctor or get care, you and your health insurance company share the cost. How much of the cost you pay depends on your coverage.
If you’re shopping on the Marketplace and want to save on your overall health expenses, cost-sharing reductions, (CSRs), can lower your out-of-pocket costs, like your deductible and out-of-pocket maximum.
If your income is between 100 and 250 percent of the Federal Poverty Level, you may qualify for CSRs. Alaska Natives or American Indians may also be eligible for even more help.
If you qualify for CSRs, all you need to do is select a qualifying Silver-level Marketplace plan to receive it.
|INDIVIDUAL||$12,060 - $30,150|
|FAMILY OF 2||$16,240 - $40,600|
|FAMILY OF 3||$20,420 - $51,050|
|FAMILY OF 4||$24,600 - $61,500|
|FAMILY OF 5||$28,780 - $71,950|
|FAMILY OF 6||$32,960 - $82,400|