Financial Help

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