What is a Subsidy?
- The Advanced Premium Tax Credit lowers your monthly health insurance payment, or premium.
- Cost Sharing Reduction reduces your out-of-pocket maximum. This amount is the most you’ll have to pay during a policy period (usually a year) for health care services you receive and includes your deductible, coinsurance and copays.
Can you get a subsidy?
It depends on:
- How your income compares to the Federal Poverty Level
Your family size
- How much health insurance costs where you live
The main factor is your income. You can qualify for a subsidy if you make up to four times the Federal Poverty Level. That’s about $46,000 for an individual and $94,000 for a family of four. If you’re an individual who makes less than $29,000 or a family of four that makes $59,000, you may qualify for both subsidies.
Sound complicated? We make it easy with our subsidy estimator. It only takes a few minutes to find out if you’re eligible.
We represent the nations top health carriers selling on and off the exchange