Financial assistance can significantly reduce the cost of Marketplace plans for many individuals and families. Under the Affordable Care Act, a significant proportion of Marketplace users can find plans costing $10 or less monthly after applying subsidies. The premium tax credit can be received in advance, which reduces your monthly premium payments based on estimated income.
Report any income changes during the coverage year to adjust the premium tax credit and avoid tax liabilities. Financial assistance can make a significant difference, ensuring that health insurance remains affordable and accessible.
Eligibility for Subsidies
Eligibility for subsidies is primarily determined by household income and access to employer-sponsored coverage. The Affordable Care Act provides two main forms of financial assistance: premium tax credits and cost-sharing reductions. To qualify for premium tax credits, individuals must have a household income that meets the Federal Poverty Level and not have access to affordable employer-sponsored coverage.

Household income must typically fall between 100% and 400% of the federal poverty level to qualify for premium subsidies. Additionally, individuals with household incomes from 100% to 250% of the Federal Poverty Level are eligible for cost-sharing reductions, which lower out-of-pocket costs for healthcare services.
Applying for Financial Assistance
Applying for financial assistance involves submitting information regarding your income, household size, and citizenship status. This can be done through this website or by calling us at 1-877-517-5357. Providing accurate income information is crucial for receiving the appropriate level of assistance.