The Affordable Care Act (ACA) includes provisions for government subsidies to help make health insurance more affordable for people with low to moderate incomes. These subsidies come in two main forms:
These are designed to lower the monthly cost of health insurance premiums. Eligible individuals and families can receive these credits if their income falls within a certain range. The amount of the credit is based on your income and the cost of insurance in your area.
These subsidies help lower the out-of-pocket costs for healthcare services, such as deductibles, copayments, and coinsurance. They are available to people with incomes between 100% and 250% of the federal poverty level who purchase a silver plan through the Health Insurance Marketplace.
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