Financial Help

You may qualify for Premium Tax Credits and Cost Sharing Reductions to help lower your monthly health insurance premiums for ACA Marketplace plans.

You can qualify based on:

• Your family/household size
• Where you live
• Your family/household estimated annual income

You can:

• Receive/deduct your premium tax credit right away, each month when your premium is due
• Wait to get your premium tax credit when you file your taxes/tax refund

When your income changes, so does your premium tax credit

If your income or the number of people in your family/household changes, your premium tax credit will probably change too. So, report any changes to the ACA Marketplace as soon as possible.

How to save on your monthly insurance bill with a premium tax credit.

Cost sharing reductions, also known as healthcare discounts, is financial help applied automatically when you go to the doctor or fill a prescription.

They will also lower your:

• Out-of-pocket maximum
• Deductible
• Copays for seeing a doctor
• Copays for drugs
• Coinsurance for hospitalization