There are two kinds of subsidies available from the federal government for individual health insurance plans.
- The Advanced Premium Tax Credit lowers your monthly health insurance payment, or premium.
- Cost Sharing Reduction reduces the out-of-pocket costs you pay during a policy period (usually a year) for health care services you receive. It includes your deductible, coinsurance and copays, which all add up to your out-of-pocket maximum.
Qualifying for a subsidy depends on:
- How your income compares to the Federal Poverty Level.
- Your family size.
- How much health insurance costs where you live.
Use our quoting tool to find out if you're eligible for a subsidy and the estimated cost of each plan based on the subsidy amount.
The plan you select for 2016 plan-year coverage may not be available
for 2017 plan year coverage. Please visit healthcare.gov or call the
Health Insurance Marketplace at 1 (800) 318-2596 to learn more about
your 2017 on-Exchange coverage options.