Subsidies

One of the unique benefits of getting health insurance on the Individual Marketplace is the availability of subsidies to help reduce your costs.

There are 2 basic subsidies available.

Advance Premium Tax Credits which can be applied to directly reduce your health insurance premiums.  These are generally available to individuals whose family income is between 100% and 400% of the federal poverty level.  In some cases, these tax credits may be enough to cover the entire premium.

Cost Sharing Reductions which are available only on Silver plans.  Cost Sharing Reductions reduce your deductible & out of pocket limits.  These are generally available to individuals whose family income is between 100% and 250% of the federal poverty level.

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